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29.09.2005 Business & Finance

Investments are secured - Minister assures investors

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Accra Sept. 29, GNA - Mr Kwamena Bartels, Minister of Private Sector Development on Thursday assured investors of the security of their investments, saying they had nothing to fear doing business in the country.

Speaking at a meeting with a five-man delegation from the Indian Associate Chamber of Commerce, Mr. Bartels said Ghana offered an attractive, safe and secure destination for foreign investments into the West African Sub-region.

Besides, the country was enjoying the dividend of good governance, a friendly business atmosphere, and a stable macro-economic environment, which were essential for businesses to thrive.

He said, as a gateway to the sub-region, the country would provide opportunity to investors who established their operations to take advantage of the 250-million strong sub-regional market. Mr. Bartels said opportunity existed for joint ventures in the field of manufacturing for exports.

He lauded the contributions of India to Ghana's economic development, especially in the area of capacity building in Information and Communication Technology as well as support for Ghana's rural electrification drive.

Mr. Bartels was happy about the 500-million dollar credit line India was extending to Ghana and nine other countries next year. He stressed the need for strengthening of the existing relationship to the mutual benefit of the two countries. Mr Arun Agarwal, Chairman of International Affairs-Africa of the Indian Chamber of Commerce said boosting economic ties would advance the ideals of South-South co-operation, to which the two countries subscribed.

He said Indian businessmen would like to explore opportunities in the manufacturing, energy and agricultural sectors.

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