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24.04.2007 South Africa

Ghana – South Africa investment forum rakes in success

By The Statesman

Entrepreneurs at a two-day Ghana/South Africa Investment Forum at Midrand, near Pretoria, has 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 Africa entrepreneurs.

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

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 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.