GIPC-led delegation ends investment tour in Japan

Accra, Sept. 6, GNA
– A 50-member delegation led by the Ghana Investment Promotion Centre (GIPC)
has ended a four-day investment tour at the 7th Tokyo International
Conference on African Development (TICAD 7) held in Japan.

The Ghanaian
entourage, mainly made up of CEOs from the private sector, were drawn from
various sectors including; Agriculture, Manufacturing, Financial Services, ICT
& Manufacturing.

They participated in
various forums and interacted with their counterparts in Yokohama in a bid to
establish business relations between both countries.

During the Invest in
Ghana Session organised by the Centre and held on the sidelines of TICAD 7, the
Chief Executive Officer of GIPC, Mr. Yofi Grant emphasised that as one of fastest
growing economies in the world, Ghana had enormous investment and business
opportunities to offer the investor community in Japan.

He touted
government’s policies aimed at attracting and providing incentives for
investors, which were currently yielding positive mutual results. 

“The Ghana Beyond
Aid agenda is looking at building a wealthy society, inclusive of all its
stakeholders, partners and sustainable with an empowered people and a resilient
economy,” he stated.

The session was
organised to bring together Japanese businessmen and women interested in doing
business in Ghana and provide a networking avenue for the Ghanaian delegation
attending TICAD 7.

Some Japanese
companies currently operating in Ghana such as Yedent Agro Group/Ajinomoto
Foundation, Marubeni Corporation, Itochu Corporation and Union International
& Co also shared testimonials on the business climate in Ghana and
encouraged potential investors to consider investment packages being offered by
the government of Ghana.

A considerable
number of Ghanaian investors who were present at the event hinted that they
were generally impressed with the outcomes of their interactions with their
Japanese counterparts and look forward to closing business deals within a few

Some of the companies
present were William Pitt Construction, Wad African Foods limited, The Fort
Group, Midwest Company Limited, KOS Group Limited, Jilcon Construction &
Petroleum Limited, Alpha Samuelson Company Limited and Gekad Construction

The Japan External Trade
Organisation (JETRO) facilitated the private sector engagements at TICAD 7,
which provided the platform for country exhibitions and Business to Business
meetings for all 54 African countries in attendance.

While in Japan, the
Ghanaian business delegation visited Nippon Signal Company Limited, a
Transportation Technology Company, which contributed to Japan’s transportation
system, especially railway.

The group also
toured the premises of Sakai Heavy Industries Limited, a Japanese company
engaged in the manufacturing and sale of construction equipment and outsourced
industrial machinery. Shimizu Corporation, another Japanese company specialised
in general construction, architecture, civil engineering and property services
was the final tour destination for the Ghanaian investors.

The essence of these
trips was to familiarise themselves with business opportunities and operations
in Japan and explore possible collaborations for the future.

Speaking at the
Investment in Ghana event, Trade and Industry Minister Alan Kyeremanten
reiterated Ghana’s position as the gateway to West Africa and a conducive
investment climate in Africa.

He encouraged the
Japanese investors to take advantage of innovative and transformative projects
in Ghana such as Planting for Food and Jobs, One- District- One- Factory
(1D1F), Digitisation Projects and other strategic economic development
programmes introduced by the Akufo- Addo administration.

The Tokyo
International Conference of African Development (TICAD) is an initiative of the
Government of Japan to promote Africa’s development, peace and security,
through the strengthening of relations in multilateral cooperation and
partnership, particularly with the country.

It is co-organised
by the United Nations, United Nations Development Programme (UNDP), the World
Bank and the African Union Commission (AUC).