The Ghana-China Investment Forum (GCIF) is calling on the Chinese business community to consider investing in the manufacturing sector in Ghana, instead of exporting raw materials which they could otherwise have processed in Ghana to China.
Speakers at the forum on Friday in Accra included Paa Kwesi Amissah-Arthur, the vice-president and Ekwow Spio-Garbrah, the minister of trade and industry who urged Chinese investors to consider relocating their industries to Ghana.
Spio-Garbrah also challenged Chinese investors to buy their raw materials from Ghanaian companies, instead of importing them from China.
He said that could save investors a lot of hustle and give them value for money and also go a long way to boost the Ghanaian economy and boost the West African state’s dream to become the hub and focal point in investment in the region.
The vice-president, Amissah-Arthur said Ghana’s friendly investment era and political stability had attracted significant investors in the construction industry and was now particularly interested in attracting investors into the agro-industry because there were considerable opportunities for job creation.
He said: “Ghana’s social and political stability have provided the anchor for the growth of our economy. And we plan to keep Ghana as the most peaceful, stable, friendly, accommodating and best governed country in Africa. As for trade and investments, I think we can do better”.
The GCIF is a platform initiated by the ministry of trade and industry and the Chinese embassy in Ghana to stimulate, develop and strengthen business relationships between the two countries.