This afternoon I was reading the 1st and 2nd quarter Investment Reports by the Ghana Investment Promotion Centre (GIPC) and I must say I’m impressed about the report; not about the content but about the layout and how the content was put together. Again not that the arrangement or layout was great but just that my expectations were very low.
Now let’s look at some key aspects of the reports.
I noticed the 1st quarter investments in the country produced more employments (67,582 jobs) than the 2nd quarter investments (7,579 jobs) although there were only 94 projects in the 1st Quarter but 105 projects in the 2nd quarter.
Below are some of the major projects attracted into the country during the quarters:
1st Quarter Investments:
a) AFRICAN TIGER HOLDING LIMITED – to acquire or dispose off and manage shares, debentures, and other securities with an estimated project value of GH¢19 million (US$10 million).
b) BEAUFORT PROPERTIES LIMITED – real estate development and building and construction with estimated project value of GH¢228 million (US$120 million).
c) MABANI SIX COMPANY LIMITED – hotel apartments, restaurant and tourism with an estimated project value of GH¢106.40 million (US$56 million).
d) GOLDEN DRAGON CASINO GHANA LTD – to build, own and operate a casino of international standards with an estimated project value of GH¢21.74 million (US$11.44 million).
e) EXPRESS LIFE INSURANCE COMPANY LIMITED – life insurance with an estimated project value of GH¢10.45 million (US$5.50 million).
a) SIGINIK ENERGY LIMITED – power generation from a solar farm with an estimated project value of GH¢342.19 million (US$180.10 million).
b) ALLIANCE FOR A GREEN REVOLUTION IN AFRICA – financial services (grant making) with estimated project value of GH¢20.64 million (US$10.86 million).
c) THAI GHANA HOLDINGS LIMITED – growing and milling rice with Thai technology with an estimated project value of GH¢19 million (US$10 million).
d) PLANTATIONS SOCFINAF GHANA LIMITED – cultivation and procession of rubber and oil palm with an estimated project value of GH¢7.66 million (US$4.03 million).
e) INESFLY AFRICA LIMITED – to manufacture unique paint which serves as a repellent to insects with an estimated project value of GH¢5.89 million (US$3.10 million).