09.03.2005 Business & Finance

Ghana Preferred Investment Destination

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A twenty-member business delegation from Amsterdam seaport, currently in the country, has said Ghana can establish herself as the preferred investment destination, if she maintained the current political stability.

According to the delegation, political stability and good governance have become the safety measure for investors.

Mr Wim Ruijah, spokesman for the delegation, made the comment when he spoke to the media on arrival in the country.

The delegation, led by the vice major of Amsterdam responsible for ports and harbours, Mr Mark Van der Horst, is in the country on a five-day visit to strengthen trade relations with Ghana.

While in Ghana, the delegation will hold discussions with businessmen who do business through Amsterdam Seaport on problems they face in their transactions and how best to resolve them. The visit would also be used to strengthen friendly relationship between Ghana and the Netherlands.

Mr Vende K. Sykora, a member of the delegation and the managing director of Amsterdam Port Consultants, advised the Government to undertake the build-operate-transfer (BOT) project planned for the Takoradi port in phases.

He said although the master plan was good no investor would invest $250 million, which is the estimated cost, at a go, adding that his company was ready to invest $60 million in the first phase of the BOT, and depending on the volume of exports and imports, undertake the other phases.

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