Dr. Awal Woos Moroccan Investors

The Minister for Business Development, Dr. Ibrahim Mohammed Awal, has urged Moroccan investors to take advantage of the conducive business environment in Ghana and set up businesses in the country.

He said the business environment in Ghana is at an all-time best; and entreated investors to invest in the country.

Dr. Awal was speaking to a team of Moroccan businessmen and women in Rabat, Morocco, and pointed out that the Akufo-Addo-led government is implementing a number of initiatives which are transforming the Ghanaian economy.

These initiatives span various sectors of the economy including health, agriculture, education, energy, sanitation and industrial sectors.

Dr. Awal had the meeting on the sidelines of his visit to Morocco as a Special Envoy of President Akufo-Addo.

The minister stated that the country’s Gross Domestic Product (GDP) has averaged 6% since 2017, while inflation is now at a single digit from over 15% in 2016. Also, he said, the agricultural, manufacturing and services sectors are growing appreciably.

Dr. Awal said over one million farmers are engaged in government’s Planting for Food and Jobs programme under which fertiliser and seeds are being subsided – adding that this has increased food production significantly, to the extent that the country now exports foodstuffs.

He therefore encouraged the investors to set up factories so that they can take advantage of government’s One District, One Factory (1D1F) programme.

He stressed government’s commitment to adding value to the country’s raw material under its industrialisation agenda, so as to enhance the value of Ghana’s exports and improve the people’s lives.

Touching on the financial services sector, Dr. Awal told the investors that banking reforms in Ghana have resulted in a strong and viable banking sector – with banks in a better position to transact bigger and better deals.

He said: “The cedi is relatively stable as compared to other currencies, and government is determined to broaden and diversify the country’s export base to earn more foreign exchange”.

The minister assured investors of government’s commitment to maintaining macro-economic stability and a stable investment climate.