The Vice President of the Republic, Dr. Mahamudu Bawumia is currently in the capital city of Austria, Vienna, to represent Ghana at the World Bank Investment Competitiveness Forum holding between the 24th and 27th of October, 2017. The World Bank Investment Competitiveness Forum has its major focus on deliberating over what drives Foreign Direct Investment … Read more
As part of long term measures to increase investment potential in the country, Chief Executive of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has hinted plans to transform the Centre into an Economic Development Board (EDB). According to him, this will enable the Centre to take certain key economic decisions for the country. He … Read more
Officials from eight companies across industries in Ghana have arrived in the United States where they are expected to explore that country’s market to find areas of interest and make the necessary investment connections. The officials of the industries are in Washington D. C to participate in the SelectUSA Investment Summit, which connects global companies … Read more
After an accumulative investment of over 6 billion euros in China over past two decades, the world’s leading chemical group BASF has recently inaugurated a new plant for emollients and waxes in Shanghai. With an investment of 150 million yuan (about 22 million U. S. dollars), the project is BASF’s largest ever investment in emollients … Read more
The Ghana Investment Promotion Center (GIPC) says it will soon publish details of its review of criteria and requirements for foreigners who wish to invest in the country. Currently foreign investors who wish to invest in Ghana are required to provide a capital limit of $200,000 for joint ventures with Ghanaian companies, while foreign companies … Read more
Despite having a 31.7 per cent decline in Foreign Direct Investment (FDI) projects in 2016, with weak economic growth in recent years, Ghana, West Africa’s second largest economy remains a key FDI market, the latest Africa Attractiveness report has revealed. Dubbed Africa Attractiveness Index (AAI), the report authored by Ernst & Young (EY), said “the … Read more
Technology is the future of all development across the world. With new inventions being made every day, it is almost impossible to discuss technological advancements and development separately. Although Ghana is overflowing with tech savvy software developers, app developers, and other players in the industry, these developers seem unable to compete on both an infrastructural … Read more
The Chief Executive Officer of the Ghana Investment Promotion Center, Yofi Grant will take part in this year’s Annual Investment Meeting (AIM) in Dubai as part of the center’s approach to attract more Foreign Direct Investment (FDI) in to the country. Mr. Grant, since his appointment as the head of the center, has pursued an … Read more
Tunisia is seeking to stimulate foreign investment in order to revive the country’s economy, which has been stagnant for almost 15 years. Recent data indicates that the country lost nothing less than 2,500 jobs per year from 2005 to 2015 due to the closure of about 400 companies each year. Foreign Direct Investment In Tunisia … Read more
Founder and Executive Dean of the Nobel International Business School (NiBS) Professor Kwaku Atuahene Gima is urging businesses to put on the cap of creativity to take advantage of the emerging market in Africa. According to him, emerging markets boost global economies making growth prospects for emerging markets much higher. He spoke to 3FM Business … Read more
The Foreign Direct Investment (FDI) results recorded during the second quarter saw a considerable improvement on the levels recorded in the first quarter of 2016 and the corresponding quarter of 2015. In the second quarter of 2016, the Ghana Investment Promotion Centre (GIPC) continued to stay on course to achieve its target for increased domestic … Read more
Foreign Direct Investment (FDI) has seen a consistent drop in five years, by 65.85percent, since peaking at US$6.3billion in 2011, while the value of registered local businesses has, encouragingly, been on the rise. According to data from the Ghana Investment Promotion Centre (GIPC), between 2011 and 2015, the value of FDI has dropped from US$6.3billion … Read more
Foreign Direct Investments (FDIs) for the third quarter of this year slumped by 59.96 percent, according to data published by the Ghana Investment Promotion Centre (GIPC). According to the report, Ghana recorded FDI inflows of US$235.2 million for the first nine months of this year, compared with US$587.5 million during the same period last year. … Read more
Out of some 46 new Foreign Direct Investment (FDI) projects recorded in the third quarter of the year, valued at US$241.17 million, none was in the area of agriculture and agro-processing, in spite of generous tax incentives offered through the Ghana Investment Promotion Centre. The CEO of the GIPC, Mawuena Trebarh, has been urging foreign … Read more
1,504 jobs are expected to be created in Ghana through registered Foreign Direct Investment (FDI) projects in the third quarter of 2016. This figure is about 75 percent lower than the previous year where 5,993 jobs were created through FDIs. According to the Ghana Investment Promotion Centre (GIPC), about 85 percent of the jobs created … Read more
British Prime Minister Theresa May in her first major foreign policy speech said Monday that Britain must respond with calm, determined, global leadership to shape a new era of globalization that works for all. In a keynote speech at the Lord Mayor’s banquet in the City of London, May said a post-Brexit Britain can step … Read more
The Ghana Investment Promotion Centre (GIPC) has recorded a total of 51 projects valued at US$1.45 billion in the second quarter of the year, with a foreign direct investment (FDI) component valued at US$1.41 billion. Out of the 51 new projects registered by the centre, 40 were wholly foreign-owned enterprises valued collectively at $391.17 million. … Read more
The second quarter of 2016 has been a good time for foreign direct investments (FDI) in Ghana in comparison to the same time last year (Q2 of 2015). There have been percentage increases in all parameters used to measure FDI inflows. The most apparent of them is the over 400% increase in Total Initial Transfers … Read more
Representatives from energy, infrastructure and education & training companies will be participating in the Department for International Trade (DIT) London trade mission to Nigeria and Ghana, taking place 25-30 September 2016. This year’s mission will be led by Carl Woolf, International Trade Adviser, Department for International Trade, London Region. Commenting, Carl Woolf said: “We are … Read more
The emerging markets are challenging developed countries by producing innovative business services and products, for less cost than western nations. Countries in Africa, including Ghana, have emerged as up-and-coming investment hubs. However, there are a number of obstacles that these countries must overcome in order to keep up with their more developed counterparts. Leading real … Read more