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03

Foriegn Direct Investment

   
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Title: Foriegn Direct Investment
 
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Subject: Business
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Date: May 27, 2005
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Length: 5 / 1125
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Even so, as I stated earlier, Ghana remains one of the more economically sound countries in all of Africa. Since 2007 Ghana has been attempting a currency redenomination from the Cedi to the Ghana Cedi (GH?) at a transfer rate of 1 Ghana Cedi for every 10,000 Cedis...
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This is due to inflation (10.9% as of 2006) and a decreased purchasing power of the Cedi. The government repealed a 17.% value-added tax (VAT) shortly after its introduction in 1995, which resulted in wide-spread public protests. The government reverted to several previously imposed taxes, including a sales tax...
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