Trade Minister woos investors in Dubai

Trade and Industry Minister, John Alan Kyerematen, says Ghana is ready to be used as entry point for Emirati businesses interested in investing in the country.

United Arab Emirates has emerged as one of Ghana’s major trading partners with value of trade averaging about $1.7 billion between 2011 and 2019.

Kyerematen said trade continues to remain stronger even with the disruptions from the COVID-19 pandemic where total trade stood at over $2 billion with Ghana consistently recording balance of trade surplus over the past years.

Addressing participants at a Ghana Business Forum in the ongoing Dubai Expo, Kyeremanten also said Ghana is seeking to advance cooperation and support with the UAE in strategic investments needed to harness the vast resources for industrial transformation as well as boost trade and investment.

This platform will not only enhance partnership between Ghana and UAE, but will enable us to share experiences, as well as exchange information on priority sectors, special initiatives, and opportunities readily available for investments by our respective private sector operators”, he stressed.

Ghana is participating in the Dubai Expo with the aim of showcasing the vast investment potentials of the country. Just like the rest of the world, the country is reeling under the effects of the coronavirus pandemic.

Alan Kyeremanten is however optimistic the disruption of the global supply chains caused by the pandemic has reinforced the necessity for closer collaboration, to enable the enhancement of mutual self-sufficiency, strengthen local economies, and reduce dependence on production of critical goods by companies operating from outside Ghana.

It is against this background that Ghana has since 2017 focused attention on laying a strong foundation for economic transformation by restoring macroeconomic stability, stimulating the private sector through business regulatory reforms, and restructuring the financial sector to ensure easy access to finance”, he added.

He is counting on the ambitious and transformative flagship programmes such as the One District One Factory (1D1F) Initiative, and Planting for Food and Jobs programme to reposition the country to become the manufacturing hub for Africa.

We are empowering our private sector to focus on selected value chains including Industrial Starch, Textiles & Garments, Pharmaceuticals, Cashew, Horticultural Products, Fish & Fishery Products, Cocoa, Automobiles and Vehicles, Industrial Salt, Integrated Aluminum and Bauxite, among others. These are products Ghana and UAE are currently engaged in trading’ he stressed.

Comments

US-Based Doctor Supports Weija Leprosarium, Underprivileged Children In Ankaase With Cash & Food Items

In a remarkable display of philanthropy, US-based medical practitioner, Dr. Kofi Kyei Sarfo, and the Sarfo family have made significant donations to support vulnerable communities in Ghana. During his visit to Ghana for the Christmas and New Year festivities, Dr. Sarfo and his family donated assorted food items and $5,000 to the Weija Leprosarium in Accra. This generous act aims to improve the lives of the inmates and support the tireless efforts of Rev. Father Andrew Campbell, founder of the Lepers Aid Committee. The donation to the Weija Leprosarium is a testament to Dr. Sarfo's commitment to giving back to his community. He praised Rev. Father Andrew Campbell for his selfless work in integrating cured lepers into society, emphasizing the need for continued support to ensure the well-being of the inmates. Dr. Sarfo encouraged others to follow in his footsteps, stating that every donation, no matter how small, can make a significant difference in the lives of the inmates. The don...

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Mfantsiman Girls to Host 65th Speech & Prize-Giving Day

Mfantsiman Girls Senior High School is set to host the 65th Speech and Prize-giving Day and Homecoming from 14th to 16th March at Saltpond in the Central region. This year’s Speech and Prize-giving day is being hosted by the 2000-year group, and over 5000 old girls and students of Mfantsiman Girls are expected to attend the programme. Under the theme, ‘Leveraging New Media Technology to Optimize Girl Child Education,’ the event will emphasize the importance of harnessing technology to address the unique challenges faced by girls in accessing quality education, particularly in marginalized communities. By leveraging new media technology, we can create inclusive, interactive, and engaging learning environments that empower girls to reach their full potential. The theme will also serve as a call to action, encouraging students, educators, and stakeholders to explore innovative ways to integrate technology into girl child education, ultimately driving positive change and promoting a...

Kofi Ahovi

Search This Blog