WASHINGTON DC– President Nana Addo Dankwa Akufo-Addo of Ghana has called on American investors to take seize the extraordinary investment opportunities which exist in his country and in Africa as a whole.

There is a lot of opportunity for American capital, technology and enterprise in Ghana, and, indeed, in Africa, and we welcome companies from all your states to participate in the exceptional opportunities that exist in our country and on the continent, he said when addressing the Winter Meeting of the National Governors Association in the US capital on Sunday.

The president stressed that Ghana was committed to seeking beneficial partnerships with American businesses to augment the government’s aggressive development push aimed at placing the country on an even keel like other countries which have engineered their economies from poverty to prosperity in a generation.

He told the governors that a key challenge of Ghana’s economy, like many other economies in Africa, is the infrastructure deficit, noting that the country had launched an aggressive public-private-partnership (PPP) programme to attract investment in the development of both road and railway infrastructure.

President Akufo-Addo, who is currently on the second leg of a 10-day trip to Togo, the US and Germany, said his government was focused on reshaping the Ghanaian economy, and our doors are open for investments in agriculture, infrastructure and energy.

We are hopeful that, with solid private sector participation, we can develop a modern railway network with strong production centre linkages, and with the potential to connect us to our neighbours to the north, i.e. Burkina Faso, the west, i.e. Cote d’Ivoire, and to the east, Togo, he added.

The President indicated his administration’s policy is to develop strategic industries out of Ghana’s abundant natural resources, including bauxite and iron ore. We shall, shortly, establish an Integrated Bauxite/Aluminium Development Authority to assemble the relevant financial resources for the systematic exploitation and development of our bauxite deposits, he said.

We have decided to exploit our substantial iron ore and manganese deposits, situated in the Western and Northern regions of our country, to build an integrated steel industry to serve the needs of our country and region.”

In Germany, the President will deliver the keynote address at the 5th German-African Economic Forum, in Dortmund, to be held under the auspices of the Minister-President of North Rhine-Westphalia, Herr Armin Laschet. He will also deliver the keynote address at the Konrad Adenauer Foundation’s German-Ghana Business Forum.

President Akufo-Addo will hold bilateral talks with German Chancellor Frau Angela Merkel, aimed at strengthening the ties of co-operation that exists between the two countries. He returns to Ghana on March 5.



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