Vice President John Mahama has reiterated that Ghana still remains the best place in Africa to do business. He said Ghana was both safe and secured and democratically matured to visit, stay in and do good business. He said whiles Government was predicting a GDP growth rate of about 12 per cent the World Bankhas predicted a 13.5 per cent growth, which will account for the biggest to be registered in the world this year and this paves the way for investors to be optimistic.
Mr. Mahama said this when a five man investment team (The Sibo Sanlin New Materials Co Ltd.) from Chinese called on him at the Castle.
The Vice President said Ghana has become investor friendly so much so that investors who do not take advantage of the current prevailing conducive investment environment will live to struggle and queue for space.
Mr. Mahama explained that there was still space in the services sector particularly in the tourism area requiring more hotels to accommodate tourist and beat down high hotel charges.
He also said there was the need for an additional oil refinery to augment the Tema Oil Refinery because of the pressure the oil discovery could exert on the existing one. He urged the investors not to relent but enter into partnership to build another refinery.
Chairman of the delegation, Mr. Li Bo Lin stressed his companies willingness to invest hotels, oil refinery, mining and real estate because of the investment climate prevailing in Ghana.
Hon Afotey Agbo, Minister of State at the Presidency and Mr. Addey Coker, NDC Greater Accra Chairman accompanied the team.
Story: George Azirigo
16/2/11
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