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23.10.2008 Business & Finance

Ghana Still Safe for Investment

By Daily Guide

DARREN SCHEMMER, the Canadian High Commissioner to Ghana, has stated that in view of the current global financial crisis, Africa, especially Ghana remains the safest place to do business.

He said the sound economic stability the country was enjoying was as a result of its credibility on the international market, saying it still remained the best destination for massive foreign direct investments (FDIs).

The Canadian Envoy was addressing a group of delegates who had since left on a trade mission to Canada.

He said though the global financial crises would have an impact on African economies to some extent, indications were that the continent remained the best choice when it comes to FDIs.

He noted that current reports indicated that import and export trade relations betweenGhana and Canada had seen about 20 percent growth. He thus urged all corporate organisations and businesses to take advantage of the investment opportunities in the two countries.

The trade mission, which sought to create awareness about investment opportunities within the two countries, was under the auspices of the Canadian Chamber of Commerce-Ghana (CCCG) in partnership with the Ghana Investment Promotion Centre (GIPC).

The trade mission included delegates from the Ghana Chamber of Commerce, the Ghana Free Zones Board, Ghana Immigration Service, Customs Excise and Preventive Service, Ghana National Petroleum Corporation, Association of Ghana Industries, the Minerals Commission, the Ghana Ports and Habours Authority and private businesses from the oil and gas services sector as well as the tourism sector.

Dela Gadzanku, chairman in-charge of the Planning Committee of the Trade Mission told CITY & BUSINESS GUIDE that the trip will further deepen the existing trade relations between Ghana and Canada.

“The mission also seeks to encourage the formation of a strategic business alliance, joint ventures and the export of Ghanaian products to the Canadian market.”

He said as part of the trade mission, a business forum would be held in Toronto, Canada on the theme, “Investment Opportunities in Ghana”.

By Grace Eyram Dartey