Business News of Wednesday, 15 October 2014

Source: Daily Guide

Ghana seeks long-term investors

Mawuena Trebarh, Chief Executive Officer (CEO) of Ghana Investment Promotion Center (GIPC), says Ghana must meet the infrastructure requirement to catapult her to upper-middle income status.

In view of that, she said Ghana was frantically looking for strategic investors who are interested in medium to long-term prospects.

Mrs Trebarh, who made this known in an interview with World Finance said, “We are really looking for strategic investors, who are interested in long-term medium opportunities that will translate into commercial benefits for them, but also into the right economic indicators by way of job creation for us as a country.

“Infrastructure, especially on the side of energy, roads, transportation and port facilities are some of our key areas of opportunity.”

She said the nation had intensely focused on the energy sector, stating that “we’ll continue to raise the flag of Ghana high when it comes to opportunities to invest in the energy sector.

Mrs Trebarh said a lot of attention would also be given to seaport and airport facilities in the country.

“As we continue to see more and more people recognizing Ghana as the gateway to the sub-region, there’s a lot more pressure on infrastructure that creates those efficiencies for the domestic, as well as the international business communities. So those two areas are very important.”

The GIPC CEO said the government would create value in some of the non-traditional areas like agriculture and manufacturing.

She said the focus on agriculture and manufacturing would help to create more jobs.

GIPC, she noted, was very committed to collaborating with academic institutions and the private sector to improve entrepreneurship.

“We are very excited about those partnerships that can emerge as a result of our investment promotion intervention,” she said.