Investors urged to explore more sectors in economy
The Minister of Information, Kojo Oppong Nkrumah, has advised foreign investors to explore as many sectors within the economy as possible to help diversify investments, drive innovation and foster economic growth.
“Our focus is to open Ghana’s economy up to the world to build the needed partnerships to serve Africa and the world. Our doors are always open to help you address the challenges that you may face.
Our request to you investors is that beyond your specific areas of interest, you should explore several other exciting sectors for our mutual progress,” he said.
Mr Oppong Nkrumah who made the call at a seminar for a Danish/Swedish Business delegation in Accra yesterday said the government is committed to attracting more investors to come and operate in Ghana as a launch pad to reach the whole of Africa and the rest of the world.
Consequently, he said many ambassadors around the world were focusing heavily on economic diplomacy and working to attract a lot of businesses from their various jurisdictions back home to Ghana.
“That is why the ambassadors of Denmark and Sweden have brought this business delegation to tap into this focal area to onboard businesses here in Ghana so that they can operate within the African region and also support the world,” the minister said.
As part of the event, a B2B meeting was held to bring together both local and foreign businesses to dialogue, connect and address various aspects of their operations to contribute to their growth.
The focus sectors of the delegation’s visit include health, clean water technology and agro-processing, which are critical sectors ripe for investment and opportunities towards developing our country.
The delegation represents about 60 Danish companies such as Maersk, Alumichem, Arla Foods, Grundfos, FOSS Analytics, Cimbria and FLSmidth, among others, operating across various sectors in Ghana.
Enhancing bilateral trade
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, said Ghana’s strategic location in West Africa and its commitment to regional trade integration positions it as a key player in the logistics and trade landscape of Africa.
“In terms of logistics and trade, Ghana is perfectly positioned in the subregion. The African market is the most attractive today. It will be the region to save the world and restore it to its pre-pandemic days.
We want to position Ghana as your entryway into the African market, a market with combined gross domestic product (GDP) of $3.4 trillion but to go up to $6.7 trillion once we actualise some of the opportunities that we have,” he said.
Mr Grant explained that both Denmark and Sweden were significant places in the agri-processing market and the technology space, two major sectors which are very important in Ghana.
“But I believe, even more significant, the fact that even on the ground there are just so many opportunities for engagement, and as we bring you here, we are not only looking for investment, but we are looking for investment for trade and also leveraging on the SDGs to ensure that we trade in a sustainable but mutually beneficial way,” he stated.
Serving wider market
For her part, the Ambassador to Denmark and Sweden, Ambassador Sylvia Annoh, said with Ghana as the host of the African Continental Free Trade Area (AfCFTA), the opportunity was prime for Danish and Swedish businesses to leverage the competitive business climate, establish Ghana and serve the wider African market.
She said the Embassy of Ghana, in partnership with the Ghana Investment Promotion Centre (GIPC), is bridging the gap in ensuring that the delegation engages with the relevant government agencies and local businesses.
She urged businesses to leverage the B2B meetings to interact with the participating local businesses to secure partnerships that will ensure their mutual benefit.