Presidential Initiatives To Benefit Investors

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5/15/2003 -

The Minister of Trade, Industry and President’s Special Initiatives, Mr. Alan Kyerematen, yesterday said there are vast opportunities in the various presidential initiatives from which investors can derive maximum benefits.

He said the Presidents initiatives on textile and garments, cassava, salt and palm oil offer ready markets for products on the global market.

Mr. Kyerematen, who held discussions with a delegation from the New Jersey Commerce Office, said there are opportunity also in the information and technology sectors which could serve as areas of investment by foreign companies.

He said the African Growth and Opportunities Act (AGOA) provides a vast export market of $75 billion which could be exploited by investors to their advantage.

He, therefore, urged foreign investors interested in investing in the Ghanaian economy to grasp the opportunities available to them and also contretise their deals by establishing joint ventures with local entrepreneurs.

According to Mr. Kyerematen, there are credit facilities, such as the Ghana Investment Fund, the Export Development and Investment Fund and the creation of a venture capital fund which can be assessed to support businesses.

He, therefore urged the delegation from New Jersey to explore the various opportunities in the country as a way of support for the government’s investment drive.

The Chief Executive Officer and Secretary to the New Jersey Commerce Office, Mr. William Watley who is leading the delegation, noted that the interest in Ghana is as a result of the stable political environment and the good business initiatives of the government.

He said the 23-member delegation is from the IT, telecommunications, port and pharmaceutical sectors, who are ready to invest in the country.

He described Mr. Kyerematen as a man of integrity who, they believe, will deliver on his promises as demonstrated when he was Ambassador to the USA.

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