Ghana President seeks US investment

GOVERNMENT

|
Image: By BiztechAfrica
Ghana President seeks US investment

The Business Council for International Understanding (BCIU), a White House initiative founded by President Dwight D. Eisenhower for senior business executives to interact with heads of state/government, cabinet ministers and senior government officials, today announced the successful completion of a forum in New York City with His Excellency John Evans Atta Mills, President of The Republic of Ghana, and 25 business leaders from across the world.

Sponsored by United States Pharmacopeia and Eni S.p.A., the BCIU forum provided a platform for President Mills to outline the strategic opportunities for investment in Ghana while also addressing the fundamental economic pillars fueling Ghana's fast growing economy. Business participants similarly outlined strategic opportunities for their companies and industries, while also engaging in a dialogue with the President on investment opportunities.

"We as a government are committed to creating the necessary environment to ensure that investors have good returns on their investments," said President Mills at the forum. "Now that Ghana's economy has been described as the fastest growing economy in the world, and at a time oil has been struck, let me be quick to say that it is our determination to ensure that this God-given resource becomes a blessing and not a curse. We want to make sure that you have a credible judicial system, you have the kind of labor which will respond to the needs of the business, that you have a system which will respond to the very needs of investors."

President Mills affirmed Ghana's commitment to democracy, the rule of law, and respect for the judicial system, outlining their significance in fostering economic growth, return on investment and job creation.

"We appreciated the President's unscripted fluency on economic priorities for Ghana and his comfort level in speaking directly and frankly with our members and international investors," said Peter Tichansky, President and CEO of BCIU. "The interest in accessing Ghanaian market across major industries – and Africa through the Ghanaian gateway – were consistent themes expressed by businesses attending the forum."

As a result of this and a previous visit by the President with the business community in New York, BCIU today announced it is organizing a trade mission to Ghana later in the year with member companies interested in further exploration of opportunities.

"We believe Ghana offers terrific opportunities for growth and business development," said Ed DiSanto, General Counsel and Chief Administrative Officer, American Tower. "As such, in December 2010 we entered into a joint venture with Africa's largest mobile operator, MTN Group Limited (MTN) and launched our operations in Ghana. TowerCo Ghana currently owns and operates nearly 1,900 wireless communication tower sites and plans to develop several hundred new towers over the next several years. We are pleased with the performance of our investment, and our team of 84 Ghanaians, and indirectly hundreds of others via our vendor relationships, are doing a great job."

"Not only are international firms interested in Ghana, but Ghanaian entrepreneurs are also investing heavily," said Humphrey Ayim – Darke, Chairman, Greater Accra Chapter, Association of Ghana Industries. "We are rapidly building our own companies, expertise and resources to serve our fast growing markets and taking advantage of our well-educated, hard working and expanding middle class. We were delighted to participate in this strategic dialogue with international investors and are eager to make it clear that U.S. companies can find outstanding local partners in Ghana."



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE GOVERNMENT NEWS

Ghana’s 800km fibre optic backbone commissioned

Ghana’s President John Dramani Mahama has commissioned an 800km Eastern Corridor Fibre Optic backbone which runs through 20 districts and over 120 towns and communities in Ghana. Read More

NIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy. Read More

Kenyan ICT on track for strong growth

The Kenyan government projects that the country’s ICT sector will approach 20% growth by 2017, with the government making every effort to help boost this growth. Read More

Ghana commissions enhanced CICs

Ghana’s Minister for Communications, Dr. Edward Omane Boamah, has commissioned and handed over an Enhanced Community Information Centre (E-CIC) to La Nkwantanang-Madina Municipal Assembly in the Greater Accra Region under the e-governance project. Read More

Rwanda hosts Africa Broadband and Universal Service Funds Forum

The Africa Broadband and Universal Service Funds (USF) forum brought together broadband stakeholders from all over Africa in Kigali for a three-day forum this week. Read More

Airtel, Ghana Communications Ministry promote girls in ICT

Airtel Ghana has partnered the Ministry of Communication to celebrate International Telecommunication Union Girls in ICT Day.  Read More

Alcatel-Lucent, Algeria to build Orval undersea cable system

Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain.  Read More

Finalists announced for African Utility Week Industry Awards

The finalists have been announced for the African Utility Week Industry Awards, with the winners to be honoured at the annual African Utility Week and Clean Power Africa in Cape Town from 12-14 May. Read More

Four million Rwandan youth to participate in #YouthConnektMonth

Rwanda’s Ministry of Youth and ICT (MYICT), in collaboration with various stakeholders, is launching National YouthConnekt Month to kick off on 2 May.  Read More

Equatorial Guinea scores multiple investment agreements with Chinese companies

The Government of Equatorial Guinea has announced the signing of multiple memoranda of understanding with Chinese companies covering large areas of cooperation in the electricity and industrial sectors.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

The transformative power of affordable smartphones and unlimited data in GhanaThe transformative power of affordable smartphones and unlimited data in Ghana

Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.

IN DEPTH

NIMC infrastructure must be managed by credible people: NIMC chiefNIMC infrastructure must be managed by credible people: NIMC chief

NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.

COMPANY NEWS

Microsoft, IICD launch employability hub in Ghana

Microsoft Ghana, in partnership with the International Institute for Communication and Development, has launched the TizaaWorks online platform, a one-stop online hub for employability and entrepreneurship.