Nana Addo Dankwa Akufo-Addo has urged the business community in Germany to take advantage of the business-friendly climate in the country to invest in Ghana.
He recommended the government’s flagship policies such as “One District, One Factory”, “One Village, One Dam”, and the program for “Planting for Food and Jobs”, as well as in areas in the water, health, housing, road and rail infrastructure, transport, industry, manufacturing, agriculture, petroleum and gas, the exploitation of our mineral wealth of bauxite, iron ore and gold, renewable energy and ICT growth sectors.
Nana Akufo-Addo noted that with solid private sector participation, Ghana can develop a modern railway network with strong production center linkages and with the potential to connect us to our neighbors. Indeed, Ralf Blankenbach and Havellandische Eisenbahn of Germany are part of a European consortium engaged in the $1.8 billion rehabilitation of the existing Eastern Railway line from Accra to Kumasi.
He encouraged by the fact that more German companies than ever are looking to invest in Ghana, symbolized by the opening of representations of German industry giant, ThyssenKrupp, and the German logistics global player, Kühne & Nagel, in the country, and the establishment of the Volkswagen Assembly Plant in Ghana.
“It continues to be an exciting time to be in Ghana and to do business in the country. Already, other global car manufacturing giants, Toyota and Nissan of Japan, Sinotruk of China, have also established assembly plants in the country. Twitter is establishing its African Headquarters in Ghana, Google’s first African Artificial Intelligence Centre is located in Ghana, and the well-known Norwegian energy company, Aker, is very much established in Ghana,” the President said.
He told the Forum further that Ghana is further privileged to play host to the Secretariat of the African Continental Free Trade Area, which represents, currently, a market of some 1.2 billion people, spread over fifty-four (54) countries, with a combined GDP of $3 trillion.
With records from the Ghana Investment Promotion Centre indicating that there has been a total of one hundred and ninety-two (192) projects, with an FDI value of US$83.92 million, registered from Germany within the last decade.
Source: Mybrytfmonline.com/Kofi Atakora
