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12.08.2004 Business & Finance

W/R Co-ordinating Council sets up Investment Centre

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Takoradi, Aug. 12, GNA - The Western Regional Co-ordinating Council (WRCC) had set up a Business Investment Centre at the Council's premises at Sekondi to facilitate economic development in the Region. Mr Joseph B. Aidoo, the Regional Minister, who announced this on Wednesday, said the WRCC in collaboration with Information Communication and Technology companies, were developing a website to ensure easy access to information on the Council, business entities and investors within and outside the country.

Mr Aidoo who was speaking at an investment forum on at Takoradi as part activities marking the first Ever-Western Regional Homecoming Summit, said the Western Trust Investment Company Limited (WTICL), would be transformed into a public company.

Mr Aidoo noted that capital accumulation was a major problem facing the Region and appealed to investors to invest in the WTICL to generate funds for economic activities.

He said the setting up of the Centre and the Trust could enhance the mobilization of funds for investment.

Mr Paul Ansah, the Marketing and Customer Service Manager of the Ghana Ports and Harbours Authority, said the Takoradi Port was loosing export revenue to other ports because of the 200-Dollar export levy imposed on exporters.