Ghana woos Rwandan investors

Published 2021년 6월 17일

Tridge summary

Ghana is seeking investment in its fastest-growing industries, including cocoa derivatives, cashew, banana, shea butter, processed fish, metals, and edible oil, according to Banda Abdallah, Manager at the Ghana Export Promotion Authority (GEPA) Market Hub. The country is opening its market to potential investors and has developed a National Export Strategy with 17 strategic value chains aiming to earn US$25bn in export revenue by 2029. The government is also reviewing tax incentives for investors through the Ghana Investment Promotion Centre (GIPC). This information was shared during a business breakfast meeting between Ghanaian officials and a 32-member Rwandan delegation in Accra, exploring bilateral opportunities in business, tourism, and economic development within the African Continental Free Trade Area (AfcFTA).

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Original content

Ghana’s fastest-growing industries—such as cocoa derivatives, cashew, banana, shea butter, processed fish, metals, and edible oil—remain untapped and ready for investments, Mr. Banda Abdallah, Manager at the Ghana Export Promotion Authority (GEPA) Market Hub, has said. Speaking at a business breakfast meeting with a visiting Rwandan delegation in Accra, Mr. Abdallah stated that the country’s door is open to potential investors looking to explore the West African market. He said to increase exports and attract more investments in especially the non-traditional export sectors, the government has developed a National Export Strategy that is being implemented till 2029. The strategy has 17 “strategic value chains” comprising sugar, industrial starch and others, with a target of earning US$25bn in export revenue by 2029, he added. Mr. Edward Ashong-Lartey, Director, Investor Services, at the Ghana Investment Promotion Centre (GIPC), addressed the delegation on the centre’s ...

Source: Ghanaweb