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Entrepreneurship Seminar 2012 . Embassy of the United States of America Tamale, Ghana Sept, 2012. Ghana: GDP/FDI Trend. Investors Attracted to Ghana. FDI projected to top $5 billion a year over the next five years – creating 45,000 jobs yearly
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Entrepreneurship Seminar 2012 Embassy of the United States of America Tamale, Ghana Sept, 2012
Investors Attracted to Ghana • FDI projected to top $5 billion a year over the next five years – creating 45,000 jobs yearly • FDI: GIPC’s 2012 first quarterly update shows U.S. ranked first with $407 million • Strong democratic potential • Strong macroeconomic fundamentals • Ease of doing business • Ahead of Brazil, India, China, Russia (BRIC)
U.S. Mission Assistance • West Africa Trade Hub – helped over 200 West African local companies export value-added products to the U.S • USAID Ghana – supported over 500 FBOs, CBOS, trade and business associations in 2011 • MCC – Trained over 66,900 farmers and assisted over 1,700 agribusinesses and 130 rural banks as part of MCC Compact I • Technical advisors in Ministry of Finance, Ministry of Food and Agriculture, Bank of Ghana, Ghana Revenue Authority • Improve delivery of public services/revenue collection • Strengthen financial institutions
U.S. Mission Assistance II • Commercial partnerships • American Chamber of Commerce • Corporate Council of Africa/U.S. Africa Business Conference • Infrastructure projects through concessional lending and feasibility studies – water/sanitation, healthcare, aviation, energy • International Buyers Program/Trade Shows • International Visitors Leadership Program • Trade Missions
AGOA • Total two way trade has more than doubled over the last three years from $754 million in 2009 to $1.93 billion in 2011 Thousand Dollars
Top Four Export Sectors from Ghana to the U.S. Thousand Dollars