The Ghana Investment Promotion Centre (GIPC) at the end of the first quarter of this year registered 32 projects estimated at 15.90 million dollars, The Ghanaian Times reports. There were 19 joint foreign/Ghanaian registered enterprises projected to cost 10.56 million dollars and 13 wholly foreign projects also estimated to cost 5.33 million dollars FDI's. Initial capital transfers made amounted to 2.75 million dollars.
A GIPC first quarter investment report released in Accra said the expected employment opportunities to be created by these projects are 873 Ghanaians and 68 for non-Ghanaians. Of the projects, the services sector registered 11 involving 9.51 million dollars followed by the manufacturing sector with 10 projects at an estimated cost of three million dollars in both foreign and local funding.
From September 1994 the Centre has registered 1,192 projects mainly in the service (325) and manufacturing (310) sectors of the economy.
