Foreign minister courts Japanese investment

The Minister of Foreign Affairs and Regional Integration, Ms Hanna Tetteh, has assured a team of Japanese business executives exploring investment opportunities in the country, of conducive climate to entrust resources for good returns.

“Ghana will continue to be an attractive place for investment because of our competitive democracy, we have developed a framework for public-private partnership to provide clarity on how to work; our regulations are clear.” she said.

The Japanese business chiefs are in the country to tap into investment opportunities that the economy presents, including the power sector, which is seen as a critical area that drives the private sector as the engine of growth.

Ms Tetteh said the government has put in place the requisite legal and regulatory framework that adequately protect investors willing to inject capital into the various sectors of the economy.

“We have tried to provide clarity in our investment regulations, our regulatory framework is clear because our investment codes have been reduced to legislation; we do not have restrictions to repatriation,” she added.

She said Ghana had one of the best infrastructural networks in the sub-region, making it the most favourable place for investment, while its younger, inspirational and ambitious population was eager and ready to work.

She also said the West African region was vulnerable to foreign exchange value volatility, but Ghana still presented an enormous opportunity platform for investment, as the government was seeking to diversify the economy.

“We are very anxious and very eager to work with you, so come and invest, Ghana has and presents so many opportunities,” she said.

Director-General of the Ministry of Foreign Affairs of Japan and leader of the delegation, Mr Norio Maruyama praised Ghana for carrying out massive development, particularly in the capital city that serves as point of investment attraction.

Source: GNA