Thursday, 28 May

Ghana safest haven for German investors – Kyerematen

Alan K with German investors

Mr Alan Kyerematen, Ghana's Minister of Trade and Industry, has called on investors, especially those from Germany, to take advantage of the enabling environment in his country to invest there.

The minister was addressing an investment forum in Berlin when he led a Ghanaian delegation to the first Ghanaian-German Business Council meeting and Investment Summit in Berlin.

Ghana and Germany signed an MoU in February 2019 to establish the Business Council as a framework to enhance trade and investment cooperation.

Touting the congenial investment climate of his country, Mr Kyerematen told the German business community that Ghana has a strong and resilient economy, has arguably the best credentials in terms of democratic governance, offers a safe and secure climate with a complement of infrastructure which are still being improved, as well as a transparent and fair judicial system.

According to the Trade and Industry Minister, the prospects are 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 over 1.2 billion people with a combined GDP of three trillion dollars and a control of about 60% of the world's arable land.

Mr Kyerematen was accompanied by Ambassador Gina Blay (Ghana's envoy to Germany), Mr Yofi Grant of the GIPC, Prof Alex Dodoo, DG of Ghana Standards Authority; Afua Asabea of GEPA, Kofi Baafi of Free Zones Authority, among other business executives such as the CEO and founder of Ernest Chemists, Mr Ernest Bediako Sampong and Mr Anthony Ameka of the Ghana Chamber of Pharmacy, among others.

Mr Kyerematen seized the opportunity to sign 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.