Trade Minister calls for investment in Ghana’s manufacturing sector

Mr Haruna Iddrisu, Minister of Trade and Industry, has called on foreign investors to venture into the manufacturing industry to help create jobs for the unemployed youth.

Mr Iddrisu made the call on Wednesday when Mr Ian Lee, the Centre Director of International Enterprise (IE), Singapore, visited him at his office in Accra.

He said as a lower middle income country, there is the need for investors to invest in the manufacturing industry for the growth of the economy.

He promised that government would give two -year tax incentive to any company that would invest in the agro-processing industry in the Northern, Upper East, Upper West and Central regions.

“Ghana is a destination of choice for business because of the existence of peace and economic stability,” he said.

Mr Lee said IE is a government agency with the objective of driving Singapore’s external economy.

He said IE’s office in Ghana aims to be Singapore’s window to the ECOWAS sub-region to promote and facilitate economic partnerships on a governmental and private sector levels.

Mr Lee commended Ghana for the peace and stability and promised to bring more investors from Singapore to invest in the agro-processing industry.

He said 534 Ghanaian civil servants have been sponsored by Singapore to build their capacity in the various sector of the economy.

Source: GNA