Parliament Raps American Investors

Both Majority and Minority Leaders of Parliament have touted Ghana’s credential as an attractive business destination for potential investors.

The two leaders have said Ghana has a very stable democratic administration with an assurance to protect investments by successive governments. They said the country has several business opportunities that can be exploited for mutual benefits.

The leaders made the observation when a business delegation from the United States of America (USA) visited Ghana’s Parliament as part their activities in the country to explore business opportunities especially in the small-scale sector.

Majority Leader and Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu urged the delegation to take advantage of government’s one district, one factory policy, industry and the agricultures sector.

The Suame Member of Parliament stated Ghana’s housing sector had a deficit of about 1.7 million and prevailed on the prospective investors to consider investing in such sectors of the economy.

The Minority Leader Haruna Iddrisu on his part identified shea butter and the cocoa sector as some of the areas that the business executives could invest in for maximum returns.

The Tamale South Member of Parliament encouraged the investors to direct their energies towards value addition to products in Ghana for export.

The Member of Parliament for the Ablekuma South constituency and the immediate past Chief Executive of the Accra Metropolitan Assembly (AMA), Alfred Okoe Vanderpuije at whose invitation the investors were in the country expressed the hope that the visit would lead to the setting up of factories and creation of jobs for the teaming youth of the country.

The prospective American investors, comprises seasoned captains of industry and Master of Business Administration (MBA) graduates, are from the National Black MBA Association.

The President and CEO of National Black MBA Association, Jesse James Tyson, said they were attracted to invest in Ghana because of the country’s improved business climate and stable democratic credentials.

The business Executives he said were also encouraged by the recent legislations that allowed for repatriation of profits from investments.

He noted that the delegation was interested in investing in small scale enterprises with focus on cocoa and housing and others areas that may be profitable.

By: Christian Kpesese/ thePublisher