Ghana says ripe for investments

The Ghana Export Promotion Authority has urged prospective Turkish investors to take advantage of the many investment opportunities in Ghana to enhance trade between the two countries.

Speaking at meetings with Turkish companies on the sidelines of the 82nd Izmir International Fair in Turkey, Mr Gideon Quarcoo, Chief Executive Officer of GEPA, said the Ghanaian authorities would cooperate and work with Turkish investors willing to establish businesses in the country.

“Ghana is ripe for investment. We will go all length with you to ensure that investors’ experience in Ghana is a positive one for the mutual benefit of both countries,” he said.

Mr Quarcoo said Ghana had very clear plans of its development needs, especially in areas of enhancing infrastructural development such as roads, highways and airports.

He said Ghana’s strong and stable political environment, a strong growing economy and a large pool of youthful and trainable population should provide good reasons for the Turkish investors to explore opportunities in the country.

Besides, Ghana presents a good central point for investors seeking to reach the 250 million markets in the West African sub- region and the African continent and, therefore, there is the need to guarantee the protection for their investments.

Mr Quarcoo said investment opportunities existed in infrastructure such as roads, railways, manufacturing and energy and urged prospective investors to look at the possibilities of forming joint ventures with Ghanaian locals and explore Private Public Partnership arrangements.

Mr Ali Canpolat, Chairman of Avrasya Energy, Construction Tourism and Trading Company, expressed interest in the generation, transmission and distribution of energy and promised to be in Ghana to explore opportunities in the energy sector.

Mr Ekin Atliman, representative of Kolin Construction, said the company had been interested in seeking opportunities in Ghana for more than two years.

The company’s areas of interest include highways and roads, railways, airports and institutional buildings.

Eren Group and Companies, which specialises in the design and building of airports, have expressed interest in expanding the airport in Tamale to international standards.

GEPA officials met with the Agean Chamber of Industry to explore ways in which the two organizations could work together to enhance trade for the  benefit of the two countries.

Mr Quarcoo told the meeting that Ghana was ripe for development and is seeking Turkish partners in the 4,500-member Chamber to explore the vast opportunities that existed.

“We encourage you to take a close interest in Ghana and to explore areas in which we can reach agreements for the mutual benefit of both countries,” he said.

Mr Ender Yorgancilar, Chairman of the Aegean Region Chamber of Industry, said the Chamber was committed to boosting trade between the two countries.

The Chamber would also explore ways in which the two countries can collaborate to support the small and medium scale enterprises.

Source: GNA