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GIP puts Nigeria’s projects in Ghana at $1.5bn

Lagos – The Ghana Investment Promotion Centre (GIPC) says Nigeria’s total number of registered projects in Ghana from September 1994 to June 2011 were 184 estimated at 1.5 billion dollars (N225 billion).

Mr George Aboagye, the Chief Executive Officer of the agency, made this known on Wednesday at the Ghana-Nigeria Business Forum held at the ongoing 2011 Lagos International Trade Fair.

Aboagye said that Nigeria’s investment in Ghana was also expected to grow by 500 million dollars by 2015.

He said that Nigeria’s investments were in the agriculture, manufacturing, building, liaison service, tourism, general and export trade sectors of the Ghanaian economy.

Aboagye said that Nigeria was his country’s fifth and sixth largest source of investment in terms of value and number of projects registered respectively.

He said that the relations between the two countries had been very warm, cordial and beneficial.

“Ghana is richly endowed with human and natural resources.

“These resources present numerous business opportunities in oil and gas, agriculture, manufacturing, tourism, energy and property development,” Aboagye said.

He said that the priority sectors for investments in Ghana were oil and gas services, energy, infrastructure, agriculture, manufacturing, tourism, ICT and financial services.

Aboagye said that Nigerians had the type of entrepreneurship that Ghana would be looking up to.

“If a Nigerian comes to do business, the knowledge and experience he has will be very useful to Ghana,” he said. (NAN)


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