Ghana to Attract More Investments
The Ghanaian economy will continue to attract investment into energy, construction and services industries in 2013.
Head of Research at Databank Financial Services Limited, Accra , Sampson Akligoh, said this in a report by Bloomberg.
Akligoh said: “We see this trend continuing together with the associated demand for dollars to import inputs,†he said, forecasting the cedi at 2.01 a dollar by the end of 2013.
Wealthy Gulf investors warm to Africa
Wealthy Gulf Arab companies are boosting their investment in Africa’s vast lands and untapped resources, marking a shift for investors who have traditionally directed their money towards assets in the United States and Europe.
One reason for the shift is negative: with government debt problems weighing on U.S. and European markets, those regions no longer look as attractive to some Gulf investors as they did just a few years ago.
Ghana’s Economy Remains Strong – BoG
Ghana’s economy has remained generally strong despite a weak global economy, according to the Central Bank’s survey.
Challenges emanating from both domestic conditions regarding the shortfall in energy supply and slowdown in the production of major exports (cocoa and gold) have moderated the pace of economy activity somewhat.
Read more: Ghana’s Economy Remains Strong – BoG
African Player of the Year – CAF Announces Top Three
The confederation of African Football (CAF) has announced the top three candidates for this year’s African player of the year.
Reigning footballer of the year, Cote d’Ivoire and Manchester city midfielder Yaya Toure is joined by fellow Ivorian and national team captain, Didier Drogba and the Cameroonian midfielder Alexander Song.
Read more: African Player of the Year – CAF Announces Top Three
