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General News
NATIONAL: Investment opportunities available in Ghana-- Veep 11/14/2010

The Vice President, Mr John Dramani Mahama, has at the ongoing Ghana-Czech trade investment forum said that there are a lot of investment opportunities in all sectors of the economy in Ghana.

He mentioned some of the areas as infrastructural development, agro-processing, manufacturing, tourism, real estate development, ICT, and financial services.

He said the discovery of oil and gas in commercial quantities in the country will provide enormous business opportunities such as engineering, equipment supply, transportation, including helicopter services, real estate development, along with the generation and distribution of power. .

Ghana has over the years put in great efforts to create a liberalised economy in accordance with the current global trend after going through several years of structural adjustments with a view to getting the economic fundamentals right to enable her to play her rightful role in the world economy.

Ghana’s economy which is basically on agriculture, has in the past relied on the export of primary commodities such as gold, cocoa and timber but have over the past few years embarked on an ambitious programme to diversify into non- traditional exports.

Mr Mahama said, in line with the new global trend of king business and the centre of economic growth, the President, Prof. John Evans Atta-Mills, has declared his intention to create an enabling business environment to empower the private sector to play a leading role in Ghana’s development.

He said, Ghana is striving to position itself to attract its share of investment by creating the right conditions such as, macro-economic stability to reduce uncertainty and distortions, rule of law, together with effective regulations and low levels of corruption.

Ghana, the Vice President stated, is also working towards the improvement of the physical infrastructure of roads, telecommunication, ports, electricity and others, which offers very profitable investment opportunity. According to him, the banking and financial sector is a very vibrant one and is among the fastest growing sectors of Ghana’s economy. It has, therefore, recognised the need to mobilise local resources as a critical component of investment.

At the sub regional level, Mr. Mahama said that cognisant of the smallness of Ghana’s market with a population of about 24 million, government have through regional integration, made available to businesses in the country, a market size of at least 250 million people.

In his welcome address, Ghana’s Ambassador to the Czech Republic, Mr. Victor Smith, reiterated that Ghana’s relations with the Czech Republic had thrived on a number of trades, investment and cultural agreements signed between the two countries under President Nkrumah’s administration.

As a result, a number of factories were established, and several Ghanaian students awarded scholarships to study in Czech institutions of higher education.

Ghanaian Times

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