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The Ghana Investment Promotion Center is expecting more than a hundred thousand new jobs to be created from the investments that were registered between April and June this year.
The projects according to figures from the GIPC are being funded with a total of almost nine hundred million dollars that came into the country during the same period.
The second quarter possible job openings are 20 times the 457 recorded in the first quarter.
The GIPC’s quarterly investment report released Tuesday said of the projected job openings, nearly 90 thousand are expected to be reserved for Ghanaians.
Forty thousand of them should be available in the building and construction sector whilst the services sector takes up the remaining 50 thousand.
More than half of the projects that were registered, about 67 of them were purely foreign owned. But some Ghanaians are also into joint venture arrangements with foreigners in about 40 of the projects.
India for the first time had more projects even though those from Bermuda contributed more in terms of value with 300 million dollars.
GIPC boss, George Aboagye tells Joy Business this points to a growing interest in Ghana by investors in those countries.
“This represents companies interested in Ghana are registering the companies offshore.”
“We are getting new Indian interest expressed in investment Ghana and then Indian firms are expanding,” he added.
The Greater Accra region attracted the highest number of them followed by Brong Ahafo.
The report also found an increasing number of countries in the Carribean are venturing into the offshore financial services sector.
Source: Joy Business/Myjoyonline.com/Ghana
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