25 C
Accra
Saturday, May 8, 2021
No menu items!

Government to create over 27,000 jobs through Foreign Direct Investment projects

Must Read

Neymar signs new Paris St-Germain contract

Neymar has signed a contract extension with Paris St-Germain, keeping the Brazil forward at the French giants until 30...

Tanzanian city ‘running low on condoms’

Tanzania’s south-western city of Mbeya’s Councilors says the country is running out of condoms. The issue was reportedly raised at...

Eidul-Fitr Prayers can’t be held in large congregations – Chief Imam

The National Chief Imam, Sheikh Nuhu Sharabutu has declared that this year’s Eid-ul-Fitr Prayers and celebrations cannot be observed...

The Minister of Information, Kojo Oppong Nkrumah, has revealed that the country received 279 Foreign Direct Investment, FDI, projects valued at 2.7 billion dollars in 2020 despite the COVID-19 pandemic.

The investment will be in areas such as manufacturing, services, building and construction, agriculture, mining, petroleum and export trading with a projected job for more than 27, thousand people.

The projects will be implemented in Greater Accra, Ashanti, Central and Western Regions.

The rest are Volta, Oti, Eastern and Northern Regions.

Mr. Nkrumah, who announced this at a media briefing in Accra yesterday, said last year’s FDI was about a 140 per cent increase in investment over that of 2019 because of sound monetary and fiscal policies and expansion of the country’s economic space.

He said 184 of the projects will go into services, 57 to the manufacturing sector, 15 to export trading, and 10 to general trading.

Mr. Oppong Nkrumah named some of the foreign countries that made investments into the local economy as South Africa, China, UK, Netherlands, and Australia.

Mr. Oppong Nkrumah explained that GIPC had been tasked to provide quarterly updates on the progress of work of those investment opportunities, adding that database on the first quarter update on work done so far is ready and would be published soon.

SourceGNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Neymar signs new Paris St-Germain contract

Neymar has signed a contract extension with Paris St-Germain, keeping the Brazil forward at the French giants until 30...

Tanzanian city ‘running low on condoms’

Tanzania’s south-western city of Mbeya’s Councilors says the country is running out of condoms. The issue was reportedly raised at a meeting of Mbeya City...

Eidul-Fitr Prayers can’t be held in large congregations – Chief Imam

The National Chief Imam, Sheikh Nuhu Sharabutu has declared that this year’s Eid-ul-Fitr Prayers and celebrations cannot be observed in large congregations due to...

Majority Leader criticizes #Fixthecountry campaign saying it lacks basis

Front liners of the #Fixthecountry movement have launched a fresh hashtag called #NameAndShame on social media. With over 90,000 tweets the campaigners are tasking the...

Uber removes trip cancellation fees

Uber has announced that it will no longer charge trip cancellation fees. On Saturday, May 8, 2021, the company sent a message via email informing...

More Articles Like This