9 May 2012

Ghana: Investors Want Gov't to Lead Efforts to Remove Investment Barriers

Participants attending the West Africa Investment Conference want Ghana to lead the bid to remove barriers which discourage trade and investment in the sub region. A number of hurdles threaten commerce among countries in the sub region.

It is believed that the efforts to reduce barriers to trade among ECOWAS Countries have yet to translate into practical action.

Vanessa Adams, of the USAID West Africa Trade Hub who addressed the opening ceremony noted that the challenges to intra-national trade if addressed would enable Africa contribute significantly to global trade by 2030.

"Cost of doing business remains high, integration policies have not been implemented after being signed into agreements. It's also regrettable that increasing levels of informal trade remain undocumented" she noted.

The Investment conference is intended to afford experts the opportunity to discuss ways of opening up investment opportunities in the sub region to the World.

Vanessa Adams made a strong call for West African Countries to clear red tapes at the borders.

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