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Ghana woos investors
Ghana's President Nana Akufo-Addo says the country welcomes investors in the government's priority areas. The Ghana Investment Promotion Centre is charged with promoting and facilitating investments into the country. Yofi Grant, CEO of the GIPC joins CNBC Africa to discuss the challenges.
Tue, 09 Oct 2018 08:13:57 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Transportation infrastructure development is a key focus area to enhance connectivity and facilitate economic activities.
- The agriculture sector is being prioritized to boost food security, reduce reliance on imports, and drive agro-processing.
- The government is keen on promoting technology, ICT, and tourism sectors to drive innovation, create job opportunities, and attract foreign investors.
Ghana's President Nana Akufo-Addo recently sat down for an exclusive interview with CNBC Africa to discuss the country's efforts to attract foreign investors and promote economic growth. The President highlighted key priority areas for investment, emphasizing the government's commitment to driving development in sectors such as transportation, agriculture, technology, and tourism. Akufo-Addo outlined a strategic vision to leverage these sectors to boost job creation, enhance infrastructure, and drive sustainable growth in the Ghanaian economy.
One of the primary sectors identified by President Akufo-Addo is transportation, with a specific focus on improving both road and air transport systems. The President underscored the importance of investing in transportation infrastructure to facilitate movement of goods and people within the country. Enhancing connectivity through efficient transportation networks is crucial to driving economic activities and fostering trade relations with other nations.
Agriculture emerged as another key area of interest, given Ghana's status as an agrarian economy. President Akufo-Addo emphasized the need to ramp up investments in agriculture and agro-processing to enhance food security and reduce reliance on imports. The government's efforts in this sector have already shown promising results, with agricultural output rising significantly in recent years.
Furthermore, technology and information communication technology (ICT) were identified as critical sectors for investment. President Akufo-Addo highlighted the establishment of a Google AI center in Accra as a testament to Ghana's growing tech industry. The government is keen on leveraging technology to drive efficiency, enhance service delivery, and promote digital innovation across various sectors of the economy.
In addition to agriculture and technology, tourism was touted as a lucrative investment opportunity for both domestic and international investors. Ghana boasts a rich cultural heritage and diverse natural attractions that have the potential to drive tourism growth. President Akufo-Addo expressed a strong commitment to promoting sustainable tourism development and creating new opportunities in the sector.
The interview also touched upon the government's 'One District, One Factory' policy, aimed at boosting local manufacturing and industrialization. President Akufo-Addo highlighted efforts to establish an automotive hub in Ghana, signaling opportunities for investors interested in the automotive industry. The recent forum with German investors underscored the country's commitment to creating a conducive environment for manufacturing and industrial investment.
In conclusion, President Akufo-Addo's vision for Ghana's economic development revolves around strategic investments in key priority areas such as transportation, agriculture, technology, and tourism. The government's proactive approach to attracting foreign investments and promoting sectoral growth bodes well for the country's long-term economic prospects. Ghana's appeal as an investment destination is set to rise as it continues to position itself as a hub for innovation, sustainable development, and industrial diversification.
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