body-container-line-1
21.06.2010 Business & Finance

56 American Businesses In Ghana

By Daily Guide
Simon MadjieSimon Madjie
21.06.2010 LISTEN

There are 56 wholly-owned American businesses in Ghana, according to the American Chamber of Commerce, an affiliate of the US Chamber of Commerce.

Newmont Gold Ghana Limited, which operates the Ahafo mine, Cargill Ghana and the world's leading beverage manufacturer, Coca Cola are some of the American businesses in Ghana.

Others are postal firm, FedEx, United Parcel Services, Golden Stars Resources, also a mining giant that operates the Prestea and Bogoso mines and oil companies, Kosmos Energy and Anardako.

Big firms such as IBM, a multinational computer, technology and IT consulting corporation, which is headquartered in New York; General Electrical, an American multinational conglomerate corporation incorporated in the State of New York and Dupont, a science-based products and services company, have set up offices in the country.

According to Simon Madjie, Executive Secretary of the American Chamber of Commerce, the afore-mentioned firms would undertake exploratory studies before running their businesses on a big scale in the country.

In an interview with CITY&BUSINESS GUIDE, Mr. Madjie noted that his outfit was set to conduct studies to find out the impact of American businesses in Ghana.

The theme of the research project is “American Private Sector Impact in Ghana.”

“We would conduct a research to find out what sort of impact in terms of employees, taxation and the way forward. We are also looking at what we have done in the last couple of years,” he added.

According to him, this would help the chamber to lay a foundation for a suitable business environment.

Going forward, he pointed out that there was the need to deepen advocacy to make businesses, both locally and internationally more viable.

“We want to harness the potential of American businesses in Ghana to contribute significantly to the Ghanaian economy,” he said.   

It is estimated that US businesses, especially Newmont and Golden Star Resources contribute significantly to the Gross Domestic Product (GDP) of the country.

By Charles Nixon Yeboah

body-container-line