Ghana Is A Stable And Peaceful Country To Invest In - First Lady Rebecca Akufo-Addo Tells Chinese Investors
First Lady Mrs. Rebecca Akufo-Addo has assured Chinese investors at a
conference to promote trade relations between Ghana and China in Hunan
in the Changsha Provence of China that their investments in Ghana will
always be safe.
Addressing the “2017 Ghana-Hunan Economic and
Trade Conference” hosted by the China Council for the Promotion of
International Trade (CCPIT), the First Lady touted Ghana’s credentials
as a safe and profitable place for Chinese investors.
She stated
that Ghana is a” globally acknowledged democracy” which has changed
governments successfully since 1992 “without causing any dislocations to
the political, economic or social systems of the country” therefore
“all investors are assured of a stable and peaceful country to invest
in.”
Mrs. Akufo-Addo added that Ghana has “an assertive
parliament, an independent judiciary and a vibrant media” and these are
“safeguards against unpredictable actions of any one person or
government and further serves as security for the protection of
investment.”
The First Lady noted that Ghana as the second
largest ECOWAS economy with a total market of about 500 million people
is strategically placed to open up new and additional markets to boost
their investment.
She further said “Ghana’s acclaimed
educational system has ensured that the majority of its work force has
the needed skills that industry requires or where those skills do not
exist, the workers could be easily trained to become productive.”
The First Lady also indicated Ghana has a generous investor incentive
through the Ghana Investment Promotion Centre (GIPC), free zones
enterprise and other institutions adding that “regardless of where the
investment was, the government had instituted a number of generous
incentives for the investor depending on the activity or the location of
the investment to ensure that their investment thrived.”
Listing
some of the investment opportunities in Ghana, she said agriculture and
agro processing was an area that was ripe for investment.
She
added other priority areas such as energy sector especially renewables
as well as infrastructure sector such as roads, railways, ports,
airports, public housing and real estate development, manufacturing and
Industry, mining industrial salt, gold, bauxite and iron ore and
tourism, ICT and in the financial services sector especially equity
financing.
The Deputy Head of Macroeconomic Research Unit,
Ministry of Finance, Dr. Millicent deGraft-Johnson who spoke on the
governments short to medium-term development programme said it was aimed
at providing opportunities for growth and job creation through the
private sector, and had developed concrete reform actions to tackle key
challenges to private investment such as ensuring macroeconomic
stability and debt sustainability, improving the ease of doing business
and enhancing access to affordable and long-term financing and
de-risking instruments.
Ghana’s Ambassador to China, Mr Edward
Boateng in a remark said the summit will go a long way deepen the
relationship between Ghana and China as well as facilitate investment
into the One-District-One-Factory (1D1F) initiative.
The First
Lady later witnessed the signing of cooperation agreement on Economy and
Trade between CCPIT Hunan and the AGI and an Agricultural Cooperation
Project between the CRI and the Hunan Hybrid-rice Research Center.
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