By Emmanuel Todd, GNA
Accra, August 16, GNA – Alan Kyerematen,
Minister of Trade and Industry, has said that Ghana is the best entry point for
foreign investors to do business in Africa because of its investor friendly
policies.
He said the government had put in measures
to make the country an investor friendly environment within the African
continent by the grant of tax waivers, support in acquisition of land, and
subsidized and reliable power for foreign investors.
“I
see an entry point for businesses in Ghana with the initiative of the One
District, One Factory (1D1F) project,” he said.
He made the statement when the Governor of
the State of Mississippi, Mr Phil Bryant paid a courtesy call on him in the
office on Friday.
Mr Kyeremanten said government’s aggressive
initiative for industrial transformation through the 1D1F was to make sure that
all 260 Administrative Districts across the country had at least one factory to
enable the citizenry and people within those communities have jobs.
He said it was the most constructive way to
improve lives of the people who lived in rural communities and served as a means
to decentralise the urban cities.
He said most of the projects were based on
agro-processing and that was going to help add value to raw material and
increase revenue of the country through export of such products.
The minister said there were many
opportunities in the agricultural, automobile, energy, health and many other
sectors, where investors could venture using Ghana as an entry point to the
rest of the African Continent.
Mr Bryant said he was pleased to be in the
country and he was optimistic that his visit would build thriving trade
relations between Ghana and the Mississippi state.
He said the visit was to find investment
opportunities in the Agricultural and Health sector economy to grow soya bean
in large quantities for economic yield and to establish a company which would
produce a product to help eradicate mosquitoes.
He said the mosquito eradicator was an
effective product in the United States and was convinced that it would help in
the fight against mosquito within the Continent.
He said there were many potential investors
in his state who were interested in investing in Africa, adding that he was
convinced that Ghana was a good entry point for investment within the African
landscape.
Mr Bryant said there was a shift in the
preference of investor toward the Philippines, India, Vietnam and was sure that
Ghana stood out as a preferred choice within the African Region.
He said the 1D1F initiative of the
government was a laudable initiative which would present to the world possible
areas within the country where investments could be made to boost the economy.
GNA
