17 Nigerian Firms Invest 1.5 Billion Dollars In Ghana

The Chief Executive Officer of Ghana Investment Promotion Center, GIPC, said on Thursday that seventeen Nigerian firms had so far invested $1.5 billion (about N240 billion) in Ghana’s economy.

He unveiled this at the ongoing 2011 Lagos International Trade Fair.

Aboagye, who also highlighted investment opportunities in Ghana, said the investments were those recorded between September 1994 and June 2011.

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

Aboagye said the investments were in agriculture, manufacturing, building, liaison, services, tourism and the general and export trade sectors of Ghana’s economy.

He said Nigeria was his country’s 5th and 6th largest source of investment in terms of value and number of projects registered.

Aboagye 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 kind of entrepreneurship that Ghana look 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 years 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’’.

The fair, which began on November 4 is expected to end on November 13.

  1. Grace Omar Reply

    Please contact me direct in my email: graceomar@outlook. com or call me telephone orphanage home ( +221 7737 593 29 ) I need a capable person to stand on my behalf in claim an inheritance.

    My name is Grace Omar! i am 22 years of age,young single girl. I am from the republic of cote d’ivoire. my father was an ex political under the former President of cote d’ivoire President laurent gbagbo. The President of Côte d’Ivoire from 2000 until his arrest in April 2011. I am currently living under the care custody of orphanage home in Senegal.

    My parent was a victim of the war crisis of which leads me to be in the orphanage home. My father was a politician ( Late Mr. & Mrs Omar Hassan ) He was killed by the rebels during the heat of war in my country. I escaped death because i was in school outside my country when the rebel attack our house and killed everybody. I am the only survival of my late parents, i have no brother nor sister at present. I do not have any relatives now that I can go to them, all our relatives ran away in the middle of the war, that is why i ran to the orphanage home for my safety, i had contact you so that you will stand on my behalf as my trustee to transfer the sum ((£5,500,000.00 US.D ) Five Million Five hundred thousand British pound sterling) Which was deposited for me as my inheritance by my Late father, because when my father was alive he deposited the money in one of the leading bank which he used my name as the next of kin.
    I will also give you the contact information of the bank where the money was deposited so that you will contact them and ask the requirement of transferring this money into your account.
    i will be waiting to read back from you or you can also call me through the telephone numbers ( +221 7737 593 29 )
    God bless you

Leave a Reply