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25.04.2007 General News

After Kufuor's failed investment tours...

By Ghanaian Lens


A three-member delegation made up of two ministers and the Ambassador to the US began a four-day investment promotion tour of the West Coast of the US on Monday, according to a statement from the Ministry of Finance and Economic Planning.
The statement said the team is made up of Mr Kwadwo Baah-Wiredu, Minister of Finance and Economic Planning, Mr Alan Kyerematen, Minister of Trade and Private Sector Initiative and Dr Kwame Bawuah-Edusei, Ghana's Ambassador to the US.
The statement said the purpose of the tour was to explore new business opportunities and promote partnerships between small and medium enterprises (SMEs) in some African countries, including Ghana and US companies.
The tour was also intended to serve as a prelude to the upcoming AGOA Forum that was scheduled to take place in Accra from July 16-19, the statement said.
β€œThe objective of the investment promotion tour falls directly in line with government's agenda of not only establishing the necessary bilateral economic liaisons, but also creating favourable environment to facilitate increased inflows of foreign direct investment as well as viable partnerships for the growth of Ghanaian SMEs, which constitute a crucial part of private sector.”
The statement said the tour would afford a rare business opportunity to a select group of African Ministers and government officials.
The delegation would pay site visits to major US businesses in different sectors, including apparel, Information and Communication Technology, financial services and infrastructure.
They will visit companies such as Boeing, Bill Gates Foundation, Levi Company and Barclays.