Minister reiterates government’s commitment to building friendly business environment

Accra, Aug. 21, GNA – Mr Yaw Osafo-Maafo, the
Senior Minister, has reiterated government’s commitment to creating the most
friendly business environment that would result in mutually rewarding economic
returns for investors.

Delivering the keynote address at the Ghana
Investment Summit 2017, in Accra, Mr Osafo-Maafo said Government’s proposed
initiatives to strengthening the economy and deliver good paying jobs would
create an environment that would attract investors.

“Yes, we strongly believe Ghana is positioned
to be an investment hub for the West Africa Region in particular and Africa as
a whole,” he said.

“An investment hub means if we get it right
Ghana will not only be prosperous but can provide economic access for our
entire continent,” he added.

Ghana’s strategic and central location within
West Africa provides access to the ECOWAS market with an estimated population
of 350 million people.

Mr Osafo-Maafo said the country did not only
have an excellent geographic location, but also enjoyed geo-political
stability, rule of law, economic steadiness and highly educated population.

The Investment Summit 2017, being hosted by
the Ghana Investment Promotion Centre (GIPC), aims, among other things, to
attract strategic and development funding for key government projects, match
growth-oriented businesses with international partners and investors and
showcase the country as the premier investment destination in Africa.

The summit participants would hold high-level
discussions on investment opportunities in key sectors including financial
services, technology, consumer goods and services, energy and agribusiness.

Mr Osafo-Maafo said Ghana was in the early
stages of an industrial transformation and private sector investment was a
significant part of the plan.

He said Government intended to deliver its
development agenda in partnership with the private sector, both local corporate
bodies and multinationals.  

“Ghana is on the way up and as principal
players in the global financial market, we invite you to come and partner us so
that we can surge forward together,” he said.

He said Government’s bold initiatives were
opening new and innovative spaces for investment, including railway
development, an integrated aluminum industry and establishment of industrial

Mr Yofi Grant, the Chief Executive Officer of
the GIPC, said summits like that would play a vital role in bringing together
investors, entrepreneurs, and policy makers to help Ghana in her leap to become
the invest hub in Africa.

“We must use this opportunity to have the
conversations and make the concrete connections that will help build a
stronger, more robust economy.”


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