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13.10.1995 Business & Finance

GHANA RIPE FOR MALAYSIAN INVESTMENT

By GNA

The leader of the visiting group of Malaysian investors, Mr. Amin Shah Omar Shah said that Ghana is ripe for Malaysian investment. He said members of the group were currently discussing with government officials and businessmen on areas that had been identified for possible investment.

Mr. Shah, who has since left the country, arrived in the country with a 12 member group to explore investment opportunities. Mr. Shah said members of the group were looking at areas like housing and manufacturing and consider the relocation of their industries in Ghana to serve their European clients. He said the need to relocate their industries was because of the potential of Ghana's labour market. Mr. Shah attributed the transformation of Malaysia from the third world country to a newly developed country to the government's policy and support for the private sector. He said the Malaysian government policy of not only setting targets for industries but also ensuring that they were supposed to meet the targets so that they could pay their taxes, explains the success story.

He was seen off by Mr. Kwesi Ahwoi, executive director of the Ghana Investment Centre (GIC)

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