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07.03.2005 Business & Finance

Amsterdam Business groups to explore investment opportunities

By GNA

Accra, March 7, GNA - A delegation from Amsterdam Seaport and other private business groups arrived in Accra on Sunday night to explore investment opportunities.

The 20-member delegation consisting of 10 private companies would meet Ghanaian business partners during their five-day visit to discuss lucrative areas of investment.

Speaking to newsmen, Mr Wim Ruijgh, the Spokesman, said the group had consistently visited the country in the past four years to strengthen trade relations adding that commerce between Ghana and the Netherlands required the appropriate impetus.

Mr Ruijgh said Ghana's political stability and its readiness to attract investment had resulted in other business groups expressing interest in exploring the country's investment potentials. He said as part of their tour, the group would visit Kumasi and Takoradi and Tema Ports to have first hand information on their operations.

One of the visiting companies has already submitted a project proposal to the Ghana Ports and Harbours Authority for a deal towards the rehabilitation of the cargo terminals at the Takoradi Harbour. Mr Venda Sykora, Managing Director, Amsterdam Port Consultants, said when a deal was clinched, 60 million dollars would be invested in the first phase of the project, which would include the rehabilitation of the existing quays and the manganese facility at the port. He noted that the port required a major overhauling but that would largely depend on its economic viability.

"We are ready to do a win-win business but we need to adopt a modest approach to assess the rate of profitability and eventually consider expansion capabilities." 07 March 05

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