INDIAN BUSINESS DELEGATION EXPLORE SETTING UP PALM OIL REFINERY IN GHANA

ACCRA– An Indian business delegation is in Ghana to explore the possibility of setting up a 200-tonne l palm oil refinery, a cocoa processing plant and a gold refinery to support the implementation of the One-District, One Factory (1D,1F) initiative in this country.

The delegation will also find ways of supporting Ghana’s Ministry of Trade and Industry to implement the Pharma-Park initiative, it was disclosed here Monday when the 16-member delegation, led by Ghana’s High Commissioner (ambassador) to India, Miachel Qauye, called on the Vice-President, Dr Mahamudu Bawumia, at his Jubilee House office here.

The Vice-President called on all prospective investors to take advantage of the increasingly business-friendly environment to set up businesses in the country. He expressed the Government’s willingness to engage with anyone who had genuine business proposals, and assured the investing community of its preparedness to protect their investments.

Vice-President Bawumia recalled the long and warm relations between Ghana and India since this country gained independence, and assured that the nation was looking forward to strengthening business relations through investments in each other’s country.

He described India as a natural partner for the Ghanaian Government’s flagship initiative, One-District-One-Factory, and urged the Indian delegation to support the government’s vision of building a Ghana beyond aid.

India is recognized globally as a leader in agriculture, information communication technology and pharmaceuticals and we in Ghana are looking forward to partnerships and collaborations, to our mutual benefits, Dr Bawumia stated.

Quaye said many more Indian businesses had expressed their preparedness to take up investment opportunities in Ghana, and he would be working with them to help achieve President Akufo-Addo’s development aspirations for the country.

The delegation had earlier called on the Minister of Trade and Industry, President of the Association of Ghana Industries, Board Chairman of the Ghana Export Promotion, Chief Executive Officer of the Ghana Investment Promotion Centre and the National Coordinator of the One-District, One Factory Secretariat, the Precious Minerals Marketing Company and the Food and Drugs Authority.

Source: NAM NEWS NETWORK