Ghana: Minister Woos German Investors

2 December 2019

Minister of Trade and Industry, Alan Kyerematen has called on German investors to take advantage of Ghana's growing business environment to invest in the country to deepen the commercial engagements between the two countries. According to him, Ghana's strong and resilient economy coupled with its democratic governance offers a safe and secured climate for investments and generates the right returns. Addressing an investment forum in Berlin when he led a Ghanaian delegation to the first Ghanaian - German Business Council Meeting and Investment Summit, he stated that the country's enabling business environment has also been propelled by increasing infrastructure development as well as fair, equitable and transparent judicial system. The delegation included Gina Blay, Ghana's Ambassador to Germany, Yofi Grant, Chief Executive of Ghana Investment Promotion Centre (GIPC), Prof. Alex Dodoo, Director General of Ghana Standards Authority and Ernest Bediako Sampong, Group Chief Executive Officer (CEO) of Ernest Chemist Limited. Others included Afua Asabea of Ghana Export Promotion Authority, Kofi Baafi of Free Zones Authority and Anthony Ameka of the Ghana Chamber of Pharmacy. The Minister said the prospects were even higher for German investors with the coming into force of the African Continental Free Trade Agreement which provides the single largest market of a population of more than 1.2 billion people with a combined Gross Domestic Product (GDP) of US$3 trillion and a control of about 60 per cent of the world's arable land. On behalf of Ghana, Mr Kyerematen signed a Joint Declaration with the German Secretary of Economy and Energy to establish a Competency Centre for Mining and Processing of Mineral Resources in Ghana. It would be recalled that Ghana and Germany signed a Memorandum of Understanding (MoU) in February 2019 to establish the Business Council as a framework to enhance Trade and Investment Cooperation. Invest photo/samba/28-11 Caption: Mr Kyerematen exchanging signed declaration with the German Secretary.

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