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President Addo Dankwa Akufo-Addo urged Maltese companies to take advantage of the new impetus given to Ghana-Ghana relations through high-level reciprocal visits of the last 18 months and to invest in Ghana.
S addressing a Ghana-Malta Business Forum on Tuesday, March 26 In 2019, in Valetta, Malta, President Akufo-Addo declared that "Ghana, ladies and gentlemen, is ready to do business and I am happy that Maltese companies have already invested $ 19 million in our country. ".
He said at the meeting that there were several projects in Ghana, in the fields of water, housing, transportation, industry, manufacturing, water and sanitation. agriculture, oil and gas, mining our mineral wealth in bauxite, iron ore and gold, which are structured to attract investment and private sector financing.
Referring to his government's accomplishments over the last two years, President Akufo-Addo said his government had spent the last two years putting in place measures to improve the fundamentals of the Ghanaian economy, which had has experienced considerable disarray in recent years. resort to an IMF rescue program.
"We have been moderately successful in trying to grow the Ghanaian economy by ensuring that our economy goes from 3.6% in 2016, the lowest in two decades, to 8.5% in 2017, our first year mandate, at 6% last year, and is expected to grow by 7.9% in 2019, making it one of the fastest growing economies in Africa, "he said.
The President added: "We have also successfully completed and abandoned the IMF program and decided that with disciplined management of our public finances, we would no longer resort to a bailout program."
In addition, the government, he said, has put in place measures that are driving Ghana and its economy into the new digital age, formalizing the Ghanaian economy, reducing the costs of business transactions and making it easier for the economy. 39, interaction between companies and their customers, especially in the era of technology. , where connectivity through digital services is an important element for competitiveness.
The implementation of these measures and the strengthening of Ghana's macroeconomy have made Ghana the largest recipient of foreign direct investment in West Africa.
"Growing investor confidence has brought global automakers such as Volkswagen, Sinotruck, Nissan, Renault and Suzuki; major oil companies such as Aker Energy of Norway and ExxonMobil of the United States of America; and technology giant Google are working on establishing bases in Ghana, "said President Akufo-Addo.
The President told the Maltese companies present at the meeting that they could choose to invest in Ghana through the Ghana Investment Promotion Center or to set up a business in the zone. frank.
Regardless of the investment, President Akufo-Addo explained that the government has put in place a number of incentives for the investor, depending on the nature of the activity or the location of the investment , all intended to contribute to the success of investments.
The president badured that "Ghana is a country governed by law, where the separation of powers is real. We have an independent judiciary, which ensures responsible governance, and you can rest badured that your investments will be protected and secure. "
He hoped that the business forum had provided the Maltese investors providing the environment for business networking, which will help advance economic relations between Ghana and Malta.
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