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21.04.2007 South Africa

Ghana-South Africa Investment Forum rakes in success


Entrepreneurs at a two-day Ghana/South Africa Investment Forum at Midrand, near Pretoria, on Friday expressed their commitment to invest their capital in agriculture, manufacturing, bio-diesel production and aquaculture in Ghana.

Real estate development, plant extraction, oil palm processing, manufacturing of organic manure for agriculture production and general import and export business also caught the attention of South African entrepreneurs.

Mr Robert Ahomka-Lindsay, Chief Executive Officer of Ghana Investment Promotion Centre who addressed the plenary session of the forum, said the group discussions were very robust about investment prospects in Ghana.

He said the government was creating the enabling environment to facilitate the efforts of players in the private sector to invest in Ghana.

Mr Ahomka-Lindsay said the government was building a data bank for companies who want to invest in Ghana.

Mr Akwasi Osei Adjei, a Deputy Minister of Foreign Affairs, NEPAD and Regional Integration, said Ghana's parliament had passed a bill to facilitate national efforts to establish the credit ratings of Ghanaians.

Speaking to journalists later, he said the forum was in line with the objectives of South-South co-operation and the African Union.

Mr Adjei said Ghana was prepared to host entrepreneurs from South Africa due to the positive national macro-credit indicators, the declining level of inflation and the hard working nature of Ghanaians.

Mr John Mwanniki, Executive Director of the Tokyo International Conference on African Development, an affiliate of the United Nations Development Project, told the Ghana News Agency that the forum was a great initiative that had brought together business people from Ghana and South Africa, the commercial banks and top officials from both countries including Vice President Alhaji Aliu Mahama.

He lauded Ghana for providing the relevant information to investors to do business in the country.

Source: GNA