Ghana President seeks US investment
GOVERNMENT| May 2, 2012, 10:42 a.m.
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."
MORE GOVERNMENT NEWS
Gabon to deliver e-visas, launches immigration websitePeople wishing to travel to the Central African nation of Gabon can now apply for visas online. Read More
Break-ins threaten Mascom Kitsong centre projectAs Mascom Wireless embarks on its fourth year of bringing ICT to the marginalised people of Botswana, Mascom says the greatest impediment to their efforts are the break-ins that are rampant at the Kitsong establishments. Read More
DRC govt cuts internet, SMS to quell deadly protestsAfter a week of deadly protests in the Democratic Republic of Congo (DRC) that left at least 42 people dead, people in this troubled Central African nation are still scrambling to connect to the internet and send SMSes. Read More
Computerised driver testing grounds: another first for BotswanaBotswana will see another first this week in the form of computerised driver testing, which will be launched in Gaborone on Friday 23 January. Read More
Digital policing: Lagos builds 100 ICT centres for policeLagos State Governor Mr Babatunde Raji Fashola (SAN) has begun handing over 100 Information Technology Centres to police stations in the state, with two stations in the Ogudu Police Area Command. Read More
Census counts technology as key in agricultureTechnology development and transfer has been identified as key in the agricultural sector of Botswana, and has been selected as one of the key components of the forthcoming census. Read More
Senegal’s national digital strategy in spotlight at ICT forumSenegal’s national digital strategy is expected to be discussed at a high-level ICT forum due to take place on Thursday 22 January 2015 at the King Fahd Palace in the capital Dakar. Read More
Togo capital city to become Wifi ZoneLomé, the capital city of West Africa’s tiny Togo is about to become a Wifi Zone. Read More
Mozambique, SA parks collaborate using digital radio system to combat poachingMozambique’s Ministry of Tourism and South Africa’s Peace Parks Foundation are collaborating in a 2.1 million Euro project, which includes a digital radio network upgrade, to combat rhino poaching. Read More
Local Authority body guns for technology among councilsThe Botswana Association of Local Authorities (BALA) has embarked on an ambitious project to bring technology to local municipalities and councils. Read More
FEATURED STORYUCC launches 2015 ACIA awards
Uganda has launched the fifth Annual Communications and Innovation Awards, which celebrate and foster ICT innovation and achievement.
BEST READ NEWS
IN DEPTHKenya’s digital TV battle hots up
Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.
COMPANY NEWSSpectra Wireless, Microsoft 4Afrika launch first commercial TV white spaces services in Africa
University students will now get fast, affordable Internet bundles and receive zero-interest financing when purchasing a new device.