17 Nigerian firms invest N325bn ( $1.5 billion) dollars in Ghana

 Written by Nana

 Friday, 11 November 2011 05:00

The Ghana Investment Promotion Centre said yesterday that 17 registered firms owned by Nigerians have so far invested $1.5 billion (about N325 billion) in the Ghanaian economy.

 Mr George Aboagye, Chief Executive Officer of the agency, disclosed this while presenting the investment opportunities in Ghana at the ongoing 2011 Lagos International Trade Fair.

 Aboagye said the investments were those recorded between September 1994 and June 2011.

 He said that the investments were expected to grow by $500 million (about N75 billion) by 2015.

 He said the investments were in agriculture, manufacturing, building, liaison services, tourism and the general and export trade sectors of Ghanas economy.

 Aboagye said Nigeria was his countrys 5th and 6th largest source of investment in terms of value and number of projects registered.

 He said the relations between the two countries had been very warm, cordial and beneficial.

 Ghana is richly endowed with human and natural resources.

 These resources present numerous business opportunities in oil and gas, agriculture, manufacturing, tourism, energy and property development, Aboagye said.

 He said the priority sectors for investment in Ghana were oil and gas, energy, infrastructure, agriculture, manufacturing, tourism, ICT and financial services.

 Aboagye said that Nigerians had the high kind of entrepreneurship that Ghana looked up to.

 Whenever a Nigerian comes to do business, the knowledge and experience he brings always proved very useful to us in Ghana, he said.

 Aboagye listed investment incentives to include custom duties exemption for plants, machinery, equipment, graduated and reasonable corporate taxes and tax holidays ranging from five to 10 years.

 Other incentives include relief from double taxation, location incentives of between 25 and 50 per cent tax rebates for manufacturing companies and automatic immigrant quotas, depending on the paid up capital.

 The theme of the trade fair is: Increasing competitiveness of Nigerian products in the global market. (NAN)


Views: 73

Great Benin Bronze



These anti-Edo political organizations you folks went to join are the most anti-African - and Africans - in the world.

They're worse than anything; we obviously can't stop you though, even Ewuare II's manifest destiny lies in our own regional party.

We have egba Omo Oduduwa and so on, NPC, AG, the forerunner of them all NCNC and then now these cancers of today.

Stay "with them", but register for your most important election first: your local election, register Edo Political Front, and if you don't, vote the front.

No self respecting Edo will - in the future - find themselves the flag bearers and cheerleaders of foreign parties with indirect rule political and economic mandates, it just doesn't work.

No sane Edo person lives to "have the ear" of someone who doesn't have Edo at their heart.

The Supreme Court is the place to remove the frustration of these lethargic and "periodic" additions to the voting rolls; here - where I live - you can fill in the forms regarding changing your voter registration at the post office and other easy access places.

At the rate things are going we're going to find ourselves truly in decline as our populations suffer from simple things like protein deficiencies in children

" - Reggie Akpata

© 2018   Created by Otedo News Update.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Local And International News Outlets
OTEDO.COM New Nigerian Newspaper Los Angeles Times Leadership Newspaper Thisday Vanguard Newspaper 234Next Daily Champion MTN Football Chicago Inquirer PM News National Daily NigeriaHealthWatch News Star Newspaper Desert Herald Sahara Reporters Associated Press Nigeria Liberty Forum,UK AFP Online BBC Nigerian Village Square Telegraph Newspaper Nigerian News Service Newswatch The Guardian Punch Daily Independent Nigerian Tribune The Nation The Sun Coastalnews NewsDiary Online Daily Trust Compass Newspaper CNN SKY Sports Yahoo! News KickOff Nigeria CNET News Reuters United Press International