Genuine Investments would be Protected in Ghana- President

BY YESMAN ANTOH-

President Nana Akufo-Addo speaking at the France-Ghana Business Forum
Photo Credit: Jubilee House

NEW AFRICA BUSINESS NEWS, Accra, Ghana- THE PRESIDENT of Ghana, Nana Addo Dankwa Akufo-Addo has told a group of French business community in Paris that Ghana will protect genuine businesses.

According to the President, “Legitimate investments would be protected so far as it meet the laws of the country. We are a country where the principles of democratic accountability and respect for the rule of law, individual liberties and human rights are now firmly entrenched in our body politic, and where the separation of powers is real in promoting accountable governance under the rule of law.”

Nana Akufo-Addo made these statements last Tuesday July 9, 2019, at the France-Ghana Business Forum, held at the Ministry for the Economy and Finance, in Paris, as part of his official visit to France.

He told the gathering that his administration has resolved to build a progressive and prosperous country, and is drawing inspiration from the success story of countries around the world.

“We have also decided to walk hand-in-hand with the private sector and the business community in this journey. This is because the New Patriotic Party government is borne, is of the firm conviction that the role of the private sector in the development of our national economy is crucial,” he added.

According to him, his government has put in place measures needed to reduce the cost of doing business, and improve the business environment. “Our goal is to make our economy the most business-friendly economy in Africa,” the President added.

Already, global car manufacturing giants, Volkswagen of Germany, Sinotruk of China, Nissan and Toyota of Japan, and Renault of France, are working to establish assembly plants in the country.

Energy giant, ExxonMobil of the United States of America, is establishing an office base in Ghana. Google has established the first Artificial Intelligence Centre in Africa in Ghana, and Norway’s energy giant, Aker Energy, has made discoveries of substantial offshore oil and gas deposits.

Nana Akufo-Addo urged the business community in France to take advantage of the growing business-friendly climate in the country to invest in Ghana.

He was particularly excited about the dramatic revival of Ghanaian agriculture that has been occasioned by the successful implementation of our programme for Planting for Food and Jobs, which has, within two years, brought a million smallholder farmers under its ambit.

In tackling Ghana’s infrastructural deficit, the President revealed that his government is embarking on an aggressive public private partnership programme to attract investment in the development of both the country’s road and railway infrastructure.

“We are hopeful that, with solid private sector participation, we can develop a modern railway network with strong production canter linkages and with the potential to connect us to our neighbors’,” he added.

President Akufo-Addo told the French business community that they can choose to invest in Ghana through the Ghana Investment Promotion Centre or set up as a Free Zones enterprise.

“Regardless of where the investment is, government has instituted a number of incentives for the investor, depending on the nature of the activity, or the location of the investment,” he added.

BY YESMAN ANTOH, NEW AFRICA BUSINESS NEWS, BUSINESS & POLITICS, GLOBAL CORRESPONDENT

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