SSNIT announces shift to fixed-income-focused portfolio
The Social Security and National Insurance Trust (SSNIT), the largest institutional investor in the economy, has announced a transition to a fixed-income-focused portfolio. SSNIT’s portfolio totals GHS 16.7 billion, with 49.3 percent in equities, 34 percent in alternative investments, and only 16.7 percent in fixed income. However, SSNIT plans to significantly rebalance its portfolio in […]
Ghana’s exports to EU surge by 8% in 2023, reaching €2.6bn
Ghana’s exports to the European Union (EU) surged by 8% in 2023, reaching 2.6 billion euros, up from 2.4 billion euros the previous year. However, imports from the EU to Ghana declined from 3.7 billion euros in 2022 to 3.3 billion euros in 2023. According to the Ministry of Trade and Industry, the total trade […]
GIPC CEO defends removal of capital requirement for foreign businesses
The Chief Executive of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has strongly defended the Centre’s recent decision to eliminate the capital requirement for foreign businesses. Under Section 28 of the GIPC Act, foreigners aiming for joint ventures are mandated to present a capital investment of $200,000. Individual foreigners intending to engage in retail […]