Business News of Thursday, 27 April 2017

Source: starrfmonline.com

Awal assures Kenyan investors ahead of Trade Expo

Minister for Business Development, Ibrahim Awal Minister for Business Development, Ibrahim Awal

“The government of Ghana is committed to creating a conducive atmosphere for businesses to thrive, with the private sector as the driver of economic growth and development,” said Ghana’s Minister for Business Development during a Ministerial visit to Horizons Offices Ghana.

He added that the Government had introduced measures to stabilize the local currency and reduce significantly, the cost of borrowing. Such measures include tax cuts such as the abolishment of the 5 % VAT on Real Estate sales, re-introduction of 3% flat VAT rate for traders and the abolition of the 17.5% VAT on domestic airline tickets.

“Horizons offices is one successful Ghana-Kenya business establishment in Accra and we can assure the management of government’s support for smooth operations and expansion. I entreat the Kenya Trade Expo Ghana to do more to encourage Kenyan businesses into the country.” He continued.

He was speaking to a select number of business people gathered at the picturesque deck of Horizons Offices, to witness a succesful Ghana -Kenya business partnership.

Horizons Offices Ghana is located in the 8th floor of the iconic One-Airport Square in Accra. It is a business venture between Kenyan Investor – Mr. Ian Kabiru and Ghana’s Technology Guru – Mr. Herman Chinnery-Hesse.

The Minister was received by the Acting Chair of the Kenyan Community in Ghana Mr. Albert Ngumba, who revealed that Kenyans had ventured into several areas of business in Ghana. He expressed gratitude for support received from Ghana Government, citing a recent meeting of the Kenyan community executives, with the Foreign Affairs Minister.

The Country Manager for Horizons Offices made a statement on behalf of his Directors and continued to take guests on a tour of the state-of-the-art facilities.

On the visit, guests got to stop-in on of the client offices including those of the renowned Nii Arday Clegg.

After the tour, Co-Founder of the Kenya Trade Expo gave a brief on the Kenya Trade Expo in Ghana, which was founded to foster such Ghana-Kenya partnerships.

She urged the business community and corporate bodies to take advantage of the platform created by the Kenya Trade Expo Ghana, to enhance trade between Kenya and Ghana. “It is our belief that when Private Sector acts in tandem with political will, we will be able to break the barriers hindering Intra-Africa trade.” she said.

She thanked the Ghana Investment Promotion Centre for having supported the Maiden Kenya Expo and having agreed to partner a second time around.

Mr. Carl Nelson, the Chief Operating Officer of the Ghana Investment Promotion Centre urged all the Ghana-Kenya businesses, to register with the GIPC. This would allow them take advantage of the GIPC’s extensive network and business services.

He reiterated the GIPC’s support for the Kenya Trade Expo and thanked the Founders for their dedication to enhancing trade between Kenya and Ghana. The Kenya Trade Expo Ghana 2017 will be held from the 1st to the 4th November.