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Business News of Wednesday, 14 February 2007

Source: GNA

Brazil chooses Ghana as key investment destination

Accra, Feb. 14, GNA - Brazil has chosen Ghana as a key investment destination in Africa and an investment team would be in the country after the 50th anniversary celebrations to explore areas of interest, Mr Luis Fernando Serba, Brazilian Ambassador to Ghana, said on Monday. The Ambassador said this when he called on Mr Stephen Asamoah-Boateng, Minister of Local Government, Rural Development and Environment in Accra on Wednesday.

Mr Serba said the 45-year cordial relationship between the two countries had given the green light for the two to do business. He said Brazil's Amazon Forest housed about 20 million people and the country had also tackled its urbanisation problem in its main city, Rio de Janeiro and noted that Ghana could learn from their experience. Mr Asamoah-Boateng called for technical support from the Brazilian government in agro-processing to help Ghana solve post-harvest losses as well as the management of the environment.

Brazil, he said, was a success story when it came to agriculture exporting over 50 billion dollars of its produce annually. Ghana, Mr Asamoah-Boateng said, could tap into Brazil's potential in managing the environment and rural development, adding, "we need to tackle these problems before things get out of hand."

He said the Ambassador had come at a time when the two countries needed better cooperation and collaboration.

"The relationship between the two countries has been beneficial and l hope it will improve for the better now that you are here." As comic relief, the two men dared each other for a rematch of the Ghana-Brazil match at the 2006 world cup.

The Brazilian ambassador said it would be a plus for Ghana to play his country as they prepared for the African Cup saying, that Ghana lost that match because they did not have strikers but did extremely well by beating Nigeria recently.

He was optimistic that Ghana could go places with the calibre of players it had now and said he would do his best to see if a Ghana-Brazil match could be arranged before the African Cup of Nations competition in January next year.