Ghana has conducive climate for business

The Minister of Foreign Affairs and Regional Integration, Ms Hanna Tetteh, has assured a team of Japanese business executives exploring investment opportunities in the country of a conducive climate to entrust resources for good returns.

“Ghana will continue to be an attractive place for investment because of our competitive democracy, we have developed a framework for public-private partnership to provide clarity on how to work our regulations are clear…” she said.

A Ghana News Agency report said Japanese business chiefs were in the country to tap into investment opportunities that the economy presented, including the power sector which was seen as a critical area that drove the private sector as the engine of growth.

Ms. Tetteh said the government had put in place the requisite legal and regulatory framework that adequately protected investors willing to inject capital into the various sectors of the economy.

“We have tried to provide clarity in our investment regulations, our regulatory framework is clear because our investment codes have been reduced to legislation, we do not have restriction to repatriation,” she added.

She said Ghana had one of the best infrastructural networks in the sub-region, making it the most favourable place for investment, while its younger, inspirational and ambitious population was eager and ready to work.

She also said the West African region was vulnerable to foreign exchange value volatility, but Ghana still presented an enormous opportunity for investment as the government was seeking to diversify the economy.

“We are very anxious and very eager to work with you so come and invest, Ghana has presented so many opportunities,” she said.

The Director-General of the Ministry of Foreign Affairs of Japan and leader of the delegation, Mr Norio Maruyama, praised Ghana for carrying out massive development, particularly in the capital city, that served as a point of investment attraction.



Source: Graphic