President Akufo-Addo has called on the business community and the private sector in the United Arab Emirates (UAE) to take advantage of the favorable investment climate his administration has created in Ghana and invest in the country.
Speaking at the United Arab Emirates (UAE) Ghana Business Forum at the four seasons hotel in Abu Dhabi today, 17 January 2023, President Akufo-Addo said even though the COVID-19 pandemic and the Russian invasion of Ukraine has had a negative impact on the Ghanaian economy just as much as the global economy, Ghana remains a viable destination for global investors.
“Inspite of our present challenges, I maintain that it is an exciting time to be in Ghana and do business in the country. So, I will urge the private sector in the UAE to take advantage of the business climate in the country to invest in Ghana.
“Regardless of where you choose to invest in Ghana, government has instituted a number of fascial incentives for the investor depending on their activity or location of the investment” President Akufo-Addo said.
Conducive environment
The President in his address stressed on the fact that Ghana “is rightly considered the beacon of democracy and stability in Africa with a modern democratic system of governance, with an independent judiciary and a strong attachment to the rule of law”.
To this end, President Akufo-Addo said his administration is “determined to make Ghana an example of rapid economic growth within the context of a well-developed market economy”.
“We welcome greatly the contribution of UAE investors to this endevour” President Akufo-Addo stated in his address to attendees of the UAE, Ghana business forum.
Available sectors
In his remarks, President Akufo-Addo, invited his audience to take particular interests in the mining, tourism, financial services, housing and construction, trade and manufacturing, agriculture, environment, science, technology and innovation sectors among others.
He indicated that government has put in place excellent regulatory and incentive frameworks that will ensure that their investments are protected and secured.
GIPC facilitation
The forum was organised by the Ghana Investment Promotion Centre, Ghana’s foremost investment attraction and promotion Agency under the presidency of the country.
Guided by the GIPC Act 2013 (Act 865) the Centre courts and facilitates valuable investments to stimulate economic growth, unlock opportunities and spur job creation.
Among its strategic functions, the GIPC formulates investment promotion policies and plans, incentives, and marketing strategies to attract both foreign and local investments.
Again, the Centre is at the helm of initiating and supporting measures that will enhance the investment climate for both Ghanaian and non-Ghanaian enterprises.
GIPC facilitated the participation of Ghanaian businesses from multiple sectors of the economy such as the hospitality, energy, agriculture, construction sectors to the forum to exhibit their goods and services and to make prospective contacts.
Source:Mybrytfmonline.com
