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The Ghana Investment Promotion Centre commonly known as (GIPC) is the Government of Ghana agency established to encourage, promote and facilitate investments in all sectors of the economy of Ghana [1] except mining and petroleum which are handled by the Ghana Chamber of Mines [2] and the Ghana National Petroleum Corporation.
This is the list of countries by flows of received foreign direct investment (FDI). The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. According to World Bank, "Foreign Direct Investment (FDI) refers to direct investment equity flows in an economy. It is the sum of equity capital ...
The ministry is responsible for advising the government on the private sector development, trade and the industry formation within the local and the international front. it also sees to the formulation and implementation of policies as well as representing the government in the international duties and bodies like the World Trade Organization. [2]
The Ghana Free Zones Authority (GFZA), is a Ghanaian government-controlled institution formed on 31 August 1995 to facilitate the setting up of Free Zone in Ghana to improve the economic development and to regulate its related activities. [1] [2] It was enacted by an Act of Parliament, the Free Zone Act 1995 (Act 504). [3]
Ghana became the largest gold-producing country in Africa after overtaking South Africa in 2019. [28] The country is also the second-largest cocoa producer (after Ivory Coast). [29] Ghana is rich in diamonds, manganese or manganese ore, bauxite, and oil. Most of its debt was cancelled in 2005, but government spending was later allowed to balloon.
The Ghana Enterprises Agency (GEA) is a Ghanaian government agency under the Ministry of Trade and Industry. [1] [2] The GEA is mandated by the Ghana Enterprises Agency Act, 2020 (Act 1043) to promote and develop MSMEs in Ghana. [3] It replaced the National Board for Small-Scale Industries (NBSSI).
The DBG was conceived in 2017 , established in 2020, awarded license to operate by Bank of Ghana in 2021 and launched in June 2022. [10] [11] It was established to complement two other government-owned financial houses established before, namely the Agricultural Development Bank of Ghana and the National Investment Bank. However, they lacked ...
After the changes in statistics, the service sector became the largest sector of Ghana's economy with a share of 51%. Agriculture, which was initially the dominant sector, accounted for 30.2% after the economic rebasing whiles the industrial sector lagged behind with a share of 18.6%. [3]