Tuesday, November 30, 2021

Business Development Minister, Mohammed Awal woos Moroccan investors

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The Minister for Business Development, Dr. Ibrahim Mohammed Awal, has urged Moroccan investors to take advantage of the conducive business environment in Ghana and set up businesses in the country.

He said the business environment in Ghana is at an all-time best and entreated investors to invest in the country.
Dr. Awal, who was speaking to a team of Moroccan businessmen and women in Rabat, Morocco, at the weekend, pointed out that the Akufo-Addo-led government is implementing a number of initiatives that are transforming the Ghanaian economy.

These initiatives span various sectors of the economy, including health, agriculture, education, energy, sanitation, and industrial sectors.

Dr. Awal had the meeting on the sidelines of his visit to Morocco as a special envoy of President Akufo-Addo.
The Minister stated that the country’s gross domestic product (GDP) has averaged 6% since 2017 while inflation is now a single digit from over 15% in 2016. Also, he said the agricultural, manufacturing and services sectors are growing appreciably.

Dr. Awal said over one million farmers are engaged in the government’s ‘Planting for Food and Jobs’ programme, under which fertiliser and seeds are being subsided, adding that this has increased food production significantly, to the extent that the country now exports foodstuffs.

He, therefore, encouraged the investors to set up factories so that they can take advantage of the government’s ‘One District, One Factory’ (1D1F) programme.

He stressed the government’s commitment to add value to the country’s raw material under the government’s industrialisation agenda so as to enhance the value of Ghana’s exports and improve the lives of the people.

Touching on the financial services sector, Dr. Awal told the investors that the banking reforms in Ghana have resulted in a strong and viable banking sector, with banks in a better position to transact bigger and better deals.
He said, “the cedi is relatively stable as compared to other currencies and that government was determined to broaden and diversify the country’s export base to earn more foreign exchange”.

The Minister assured investors of the government’s commitment to maintaining macroeconomic stability and a stable investment climate.

 

Source: The Finder

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