Ghana offers very generous investment incentives including guarantees against expropriation, the Ministry of Trade and Industry has indicated urging investors to have confidence in the country’s economy.
Hon. Haruna Iddrisu, Minister for Trade and Industry said recent measures announced by the Bank of Ghana to save the cedi from further depreciation “are only to prevent the dollarisation of the economy and will not affect any of the incentives we offer investors”.
“Government has also pursued policies aimed at maintaining friendly and peaceful co-existence and expanding economic co-operation with our sister countries in the ECOWAS sub-region with a market size of about 300 million people, and the rest of the world. These among others should disabuse the minds of those who seem to have been influenced by some negative media reports which seek to portray our Government as not being investor-friendly.”
Hon. Iddrisu was speaking at the official opening ceremony of the 18th Ghana International Trade Fair 2014 at the Trade Fair Centre, Accra.
This year’s fair themed: “development through trade and investment” was held under the auspices of the Ministry of Trade and Industry. It is aimed at facilitating local and foreign trade and it will come to an end on 10th March 2014.
Hon Haruna Iddrisu who is also the Member of Parliament (MP) for Tamale South said the fair will provide opportunity for networking and a platform to build new partnership as well as business relationship among exhibitors.
He further mentioned that government is embarking on numerous and aggressive activities to make Ghana ‘the Singapore of Africa’.
Apart from that the Mahama-led administration is also working on a construction of a new sugar factory in Komenda, Central Region. This according to Mr. Haruna Iddrisu will propel the country to be a major producer and exporter of Sugar.
“We need to support President Mahama to turn Ghana to a productive country instead of import dependent” he requested.
The Minister also revealed that his ministry together with the Ghana Investment Promotion Centre (GIPC) and other agencies will embark on a massive public education in promoting made in Ghana goods.