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Business News of Friday, 13 September 2013

Source: GNA

Gov’t to expand industry, avoid industrial unrest

Vice President Kwesi Amissah-Arthur on Thursday announced Government’s intention to expand industry to absorb released agricultural labour and learn from the Austrian experience in avoiding labour unrest.

The announcement follows a statement by Dr Christoph Leitl, President of the Austrian Federal Economic Chamber, that there had not been labour strikes or differences between the trade unions and the employers, nor the government in Austria.

Dr Leitl led a business delegation to call on the Vice President at the Flagstaff House in Accra.

Vice President Amissah-Arthur dwelt on the commonalities between Accra and Vienna, and invited investors to take advantage of the growth of the Ghanaian economy in recent years and make Ghana a preferred investment destination.

The Vice President said Ghana had experienced the highest growth among the countries in Sub Saharan Africa in the last four years.

He endorsed the need for training for professionalism and continuing education to improve skills which are relevant to the economy.

Dr Leitl commended the economic relations between the two nations and said the Chamber is looking to invest in health, energy, water development, agribusiness and environmental protection, and that, the Chamber is also ready to give soft loans.