West-Africa focused private equity investor Synergy Capital is in line for a capital commitment for its second fund from the IFC. The development finance institution is mulling a $20 million commitment to the generalist fund, which is targeting $250 million for opportunities in Nigeria, Ghana, Liberia and Sierra Leone.
Chief Executive Officer of Ghana Cocoa Board (Cocobod), Mr Joseph Boahen Aidoo, says the government is investigating how an amount of $1.8 billion dollars secured for the 2016/17 cocoa purchases was utilised.
Ghana’s insurance industry has been gradually undergoing a facelift over the last twelve months with new entrants, assets changing hands and the spectre of a revised minimum capital requirement hanging over insurers.
Mr. Jai Mirchandani, Chief Executive Officer of Avnash Industries Ghana Limited – the country’s most formidable agro-industrial processing company, has said it is ready to invest over US$100million into government’s One District, One Factory (1D, 1F) policy to ensure its success.