The Minister of Trade and Industry, Mr Haruna Iddrisu, has assured United Kingdom’s Corporate Sector that Ghana is more poised for trade and investment relations with United Kingdom than ever before.
The Minister made these remarks at a high level Ministerial Round Table Event which was organized last week at the Mayfair Hotel in London by Africa Matters Limited and Barclays Bank Plc under the auspices of the Ghana High Commission.
The Forum was used to promote the enormous investment potential and business opportunities that Ghana offers to the world, in particularly, to the UK Corporate Sector.
In his welcome remarks Mr Mark Simmonds, UK’s Minister Responsible for Africa Affairs, who represented the Government of United Kingdom, commended Ghana for the progress made in deepening democratic governance and macroeconomic management thereby providing the right environment for private sector investment.
Mr Iddrisu in his keynote address, recalled the recent visit of His Excellency the President John Dramani Mahama to UK during the G8 Summit in London, where the President and Prime Minister David Cameroon reaffirmed their commitment to forge a new form of engagement within the framework of the New Partnership for Prosperity. He underscored the fact that one of the critical ingredients for promoting the new partnership is through enhancing bilateral trade and investment relations between the two countries.
Whilst paying glowing tribute to UK Government for the tremendous support and assistance provided over the years towards Ghana’s development agenda, he informed the participants that Ghana remains as an oasis of peace and political stability with enormous opportunities for investment and prosperity, thus making it a preferred destination of choice for Foreign Direct Investment (FDI) in the sub-region.
Pointing out the huge infrastructural deficit, the Minister stated that Government is putting in place a new legislation on Public Private Partnership (PPP) to attract private sector operators in the delivery of infrastructure facilities through Build, Operate Train and Transfer (BOTT) and called for massive investments from Corporate UK in the areas of roads, rail, ports, manufacturing, agro-processing, efficient energy, water supply and ICT infrastructure, etc.
The forum was also addressed by Alhaji Inusah Fuseini, Minister of Lands & Natural Resources, Mr Cassiel Ato Forson, the Deputy Minister of Finance, Mrs.Joyce Bawa-Mogtari, the Deputy Minister of Transport and Mr John A. Jinapor, the Deputy Minister of Energy & Petroleum. The
Ministers took turn to brief the participants on the investment opportunities in their respective sectors of the economy.
There were also sector by sector and one-on-one meetings with various businesses and corporate bodies with particular issues ranging from the legislation on the Local Content Law, Revised Ghana Investment Promotion Centre’s Act, One-Stop-Shop Centre for trade & investment activities, and acquisition of industrial plots were also raised.
In all Ghana was commended by the various participants for her vibrant and the pro-business environment and urged to tell its success stories more vociferously to the world.