CKG Group Limited, a multinational company, says it would invest $500 million in a power project to generate electricity to meet the needs of industries.
Charles Kader Goore, Chairman of CKG Group, said the plan, which has been on the drawing board for the last three years because of delay in raising the necessary finances, would come to fruition.
‘We have made headway in our effort to get the funding and almost ready to go,’ he said, adding that an announcement for start of work would be made in due course after discussions with main stakeholders were completed.
Mr Goore was speaking to the media during a cocktail organised for visiting Polish business delegation, who travelled to Ghana to explore business opportunities.
He said Ghana was a good destination for investment because of the economic and political stability that the country has enjoyed over the years.
Mr Goore said CKG Group was ready to partner Polish businesses.
‘I am confident in Ghana as a good destination and we are ready to invest with you and together enjoy the benefits,’ he said, adding that Africa has the capacity to grow.
Nana Richmond Aggrey, CKG Company Advisor, said Ghana has not witnessed political instability and violence that had plagued some African countries.
CKG Group, founded some 21 years ago, comprises subsidiaries in the manufacturing, shipping and agriculture sectors and aims to be among the top three best companies in Africa.
This article has 0 comment, leave your comment.