• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 200908

Ghana To Benefit From Investment Programme

05-Aug-2009
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

Business entities engaged in productive sectors in the Ghanaian economy are qualified for partnerships with investors in the Diaspora, under the Bridge Investment Development (BID) program. The BID program, an initiative of the Inter-regional Bridge Group (IBG), is aimed at supporting growth and development within the country, and actively engaging the African Diaspora in the development of the country.

It promotes entrepreneurship and innovation among Ghanaians by utilizing Diaspora Coalitions, strategic networks and resources to bring about transformational development within various sectors of the nation's economy. It facilitates the use of fixed capital, information and technical expertise through its pool of members to partner potentially merited Small and Medium sized Enterprises (SMEs).

A statement from the group copied to the GNA on Tuesday, said the World Bank's recently launched initiative on Mobilizing the African Diaspora for Development in support of the African Union (AU), stressed the need for "the Diaspora to build on ongoing efforts via a blended strategy of 'mutual' participation, short, medium and long term placements, return and retention, and institutional partnerships and networks."

The call by the World Bank supports the BID program, which seeks to utilise existing multilateral relationships between the Diaspora and African countries to jumpstart active participation in Ghana's development. Ghana has been selected as a Region of Focus (ROF) for this program, based on available conditions in the country which are paramount in successful project implementation. The conditions include economic stability, strong potential growth in exports and capital investment, ability to sustain business network, and strategic coalitions.

The statement said a research conducted by the Inter-regional Bridge Group into market opportunities across various sectors of the economy put Ghana ahead as a safe investment zone with tremendous opportunities for growth in projects, contracts, and procurement. The BID program also covers individuals with expertise in viable sectors of the economy through collaboration and knowledge sharing with other investors to grow their businesses.

IBG exploits innovative and gainful projects, combining research findings and member assessment to initiate projects via the collaborative efforts of Private Sector Development (OPSD) under umbrella banking institutions. Recent research published by the Centre for the Study of Financial Innovation (CSFI) in the Banana Skins report, suggested vibrancy in the micro-finance sector with strong fundamentals, and a solid and growing client base in spite of inherent risks in rising non-performing loans, as part of the conditions.

"Remaining focused on longer term issues of strong management, governance and asset liability management capacity remains crucial for the future," said Elizabeth Littlefield, Chief Executive Officer of the Consultative Group to Assist the Poor (CGAP), sponsors of the research. To meet this future requirement, custom financing solutions that range from basic collateral to sophisticated capital incubator financing, would be made available for local businesses as part of the BID program.

Drawing from its expertise in contract management services, facilitation of procurement initiatives, business relationship management, and project implementation services, IBG seeks to create strategic partnerships with Small to Medium-sized Enterprises (SMEs) within the productive sectors and Diaspora investors. The combination of these comprehensive management services would play a significant role in meeting the various needs under the program. This is expected to solve the problems of inadequate funding for projects, information gaps, reduced high cost and risk associated with doing business, as well as meet the growing demand for project implementation capacities, the statement said.

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Ministry Bares Teeth At Oil Industry

Next Post

Make The Oil Agreement Public - Workers

 
 

More Stories

AGI Urges Government To Incentivize Production
Understand The Nature Of Assets Before Investing – George Allotey
Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals
Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards
Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding
GACL Is ‘Best ERM Compliant Institution’ 2023
Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria
NDC Promises Higher Cocoa Prices, Free Fertilizers, Free Sprays, and Improved Roads - Ato Forson Assures Cocoa Farmers
Unlocking Business Potential For Agribusinesses: Insights From Joseph Amo Adjei
Next Post

Make The Oil Agreement Public - Workers

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • AGI Urges Government To Incentivize Production

  • Understand The Nature Of Assets Before Investing – George Allotey

  • Investing With Purpose: A Guide To Aligning Investment Objectives With Financial Goals

  • Leverage Microfinance Wins 'Microfinance Company Of The Year, 2022' At The 4th Ghana Credit Excellence Awards

  • Absa Bank's 10% SME Loan Makes Big Impact With GHS100 Million In Funding

  • GACL Is ‘Best ERM Compliant Institution’ 2023

  • Jospong Rice Project: Jospong Group Signs Agreement With EGTA Investment Of Nigeria

  • NDC Promises Higher Cocoa Prices, Free Fertilizers, Free Sprays, and Improved Roads - Ato Forson Assures Cocoa Farmers

  • Unlocking Business Potential For Agribusinesses: Insights From Joseph Amo Adjei

  • Absa Group CEO Reaffirms Commitment To Its Ghana Operations

 

 
 

Popular Videos

Peace Power Sports (19/09/2023)

Peace Power Sports (18/09/2023)

Kokrokoo Live On Peace 104.3 FM (18/09/2023)

Kokrokoo Live On Peace 104.3 FM (18/09/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (19/09/2023)

GHANA MONTIE WITH MAC JERRY OSEI AGYEMAN on NEAT 100.9 FM (TUESDAY 19-09-23)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media