Graphic Business News

Ghana, India prospect for investment opportunities

By: Jessica Acheampong
Mr Dominic Oduro-Antwi (left), President of GITAC with Mr Carlos Kingsley Ahenkorah (1st right) and other speakers at the seminar.
Mr Dominic Oduro-Antwi (left), President of GITAC with Mr Carlos Kingsley Ahenkorah (1st right) and other speakers at the seminar.

Ghanaian businesses have met their Indian counterparts to discuss how to strengthen bilateral and developmental cooperation between the two countries.
At a Business Seminar under the auspices of the High Commission of India, Accra, and the Ghana India Trade Advisory Chamber (GITAC) in Accra, both parties were briefed on opportunities in the manufacturing, infrastructure, hydrocarbons, planting for Food and Jobs (PFJ) among other things.
The seminar also included interactive and networking session meant to help form partnerships to enhance bilateral trade.

The President of GITAC, Mr Dominic Oduro-Antwi, noted that the Chamber, since its inauguration, has been promoting trade relations between Ghana and India.
He said the summit, which was one of such ways of promotion, was to bring the Ghanaian and Indian investors together, as well as stakeholders in various government agencies to expose members to trade and investment opportunities.
The GITA focuses on sectors such as mining, trade, financial services, real estate and construction, energy and health, legal services, hospitality, Engineering, Agro Processing, manufacturing, Import and Export Services, Information and Communication Technology (ICT), Education and Airline and Shipping services.

Creating opportunities
The acting Chief Director at the Ministry of Business Development, Mr Joe Tackie, said the ministry remained committed to creating the right environment to boost new businesses and create jobs and prosperity.
He said the National Entrepreneurship and Innovation Plan (NEIP), which is a flagship programme of the government, was helping to support and promote entrepreneurship through the generation of business ideas.
A Deputy Minister of Trade and Industry, Mr Carlos Kingsley Ahenkorah, said the ministry will continue to support businesses that will help raise the trade potential of the country. It will also ensure that challenges associated with the depreciation of the local currency and import duties were addressed.
   
India remains committed
The High Commissioner of India to Ghana, Mr Birender Singh Yadav, said Ghana’s huge gas potential created an opportunity to explore fertiliser production and thus, there will be discussions in that regard.
He said the transformation in both economies presented vast opportunities that could be harnessed to the benefit of both countries.