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Ghana Investment Promotion Council GIPC raises $158m in first quarter

30 of the projects were completely foreign-owned, accounting for $163.61 million  representing 65% of  the total revenue for the first quarter.

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Mawuena Trebah, CEO, Ghana Investment Promotion Council play

Mawuena Trebah, CEO, Ghana Investment Promotion Council

(Macropolis.net)

The Ghana Investment Promotion Council has raised $158 million in revenues for the first quarter of 2016.

This is revenue from 39 new projects through Foreign Direct Investment which are estimated to create 2000 new employments. This was one more than the 38 projects undertaken in the same period of 2015.

30 of the projects were completely foreign-owned, accounting for $163.61 million  representing 65% of  the total revenue for the first quarter.

READ MORE: Foreign direct investment dips, according to GIPC

The rest of the 9 were joint ventures between Ghanaians and foreigners at a value of $85.88 million  accounting for 34.42% of  the total revenue.

Greater Accra received the highest of the 10 regions, Ashanti region followed with five, Brong Ahafo and Eastern regions received one each.

Manufacturing, construction, general trading, services, tourism and cooperation were the sectors in which projects were undertaken.

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