Business News of Tuesday, 18 September 2018
Ghana’s High Commissioner to India, Mike Oquaye Jnr, has reiterated the need for the Indian government to take advantage of Ghana’s economic prospects where investors can establish and grow their businesses.
He explained that Ghana, being the fastest growing economy in Africa, places the country as the preferred business destination hub aside being a safe haven for investors.
He, however, indicated President Akufo-Addo’s “clear intention” that the president is not only interested in business men and women who flood the country seeking for business opportunities but people “who will come as friends.”
“People who are ready to negotiate in a way that will be beneficial to Ghana also.” He added.
Mr. Oquaye was speaking at the Ghana-India PHD Chamber of Commerce business forum where business operators from Ghana and India converged in Accra on Tuesday to explore possible areas of collaboration as well as demonstrate commitments by both countries to strengthen trade.
The Diplomat emphasized that, despite the long-standing relationship both countries have established, India should take the liaison a notch higher by practicing Foreign Direct Investment (FDI).
In his words, “We want Indians to come here and do Foreign Direct Investment here in Ghana. Anybody who has and outward growth strategy should bear in mind that Africa is next frontier.”
He assured the investor community of prospective markets for their investments while expressing Government’s willingness to engage companies with genuine proposals
President of the Ghana National Chamber of Commerce,Nana Appiagyei Dankwaso I while addressing stakeholders said the meeting was an opportunity for old and new business entities to share ideas and establish business relationships which would yield economic and social benefits.
He encouraged the continuous trade of minerals, pharmaceuticals, machinery, cereals, electricals, cotton, rubber, and aluminium.
Nana Appiagyei Dankwaso I inciting the South Asian traders stated that, “Ghana is open for business to promote private sector growth through the industrialization agenda.”