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Ghana is a haven of peace, security and stability and, in fact, the safest country in West Africa where legitimate investments are protected, said President Nana Addo Dakwa Akufo-Addo.
"We are a country where the principles of democratic accountability and respect for the rule of law, individual freedoms and human rights are now firmly anchored in our body politic and where the separation of powers is real in the promoting responsible governance while respecting the law. . "
President Akufo-Addo said this Tuesday during his official visit to the France-Ghana Business Forum in Paris, France, as part of his official visit to the country.
He told the badembly that the government had decided to build a progressive and prosperous country based on trade and investment.
"We also decided to work hand-in-hand with the private sector and the business community on this trip. Indeed, the new patriotic party, from which my government comes, is firmly convinced that the role of the private sector in the development of our national economy is crucial, "he added.
He added that since taking office two and a half years ago, the government has put in place the necessary measures to reduce the costs of doing business and improve the business environment. "Our goal is to make our economy the most business-friendly economy in Africa," added the president.
President Akufo-Addo pointed out that "it is very exciting to be in Ghana and doing business in the country," enumerating many multinational companies that were seeking to establish themselves in the country. country.
Already, the global giants of automotive manufacturing, Volkswagen in Germany, Sinotruk in China, Nissan and Toyota in Japan and Renault in France are using it to establish badembly plants in the country.
More importantly, the energy giant, ExxonMobil, of the United States of America, is establishing an office and a base in Ghana, and the Norwegian energy giant, Aker Energy, has recently discovered large deposits of offshore oil and gas.
Again, Google has created the first artificial intelligence center in Africa in Ghana. It is among these that President Akufo-Addo urged the business community in France to take advantage of the country's increasingly favorable business climate and invest in Ghana.
"I'm sure you may have heard about some of my government's flagship policies, such as" One District, One Factory, "" A Village, One Dam, "as well as the" Planting Jobs to Create Jobs "program. And nutrition, which I recommend, as I do in the fields of water, health, housing, road and rail infrastructure, transport, industry, manufacturing, agriculture, oil and gas, mining our mineral wealth in bauxite, iron ore and gold, renewable energy and ICT growth, The President said.
He was particularly excited about the dramatic recovery of Ghana's agriculture due to the successful implementation of the government's flagship program; "Planting to feed and create jobs" has mobilized many smallholder farmers in the country in the past two years.
In addressing the infrastructure deficit in Ghana, the President revealed that his government is embarking on an aggressive public-private partnership program aimed at attracting investment in the development of the country's road and rail infrastructure.
"We hope that with strong private sector participation, we will be able to develop a modern rail network with strong links between production centers and the potential to connect with our neighbors," he added.
President Akufo-Addo told the French business community that she could choose to invest in Ghana via the Ghana Investment Promotion Center or to become a free trade company.
"Whatever the place of investment, the government has put in place a number of incentives for investors, depending on the nature of the business or the place of investment ", he added.
The President said some of these incentives include exemption from payment of import duties for facilities and machinery; 25% tax reduction for companies located in regional capitals; 50% tax reduction for companies investing outside regional capitals; zero per cent of corporate tax for ten (10) years, then 8 per cent for enterprises located in the enclave of the free zones; full repatriation of dividends and profits; transfer of funds for the service of loans contracted abroad; and laws against the arbitrary confiscation of a business or investment.
Source: ISD (Rex Mainoo Yeboah)
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