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General News of Wednesday, 16 October 2002

Source: http://www.africaplc.com

Commonwealth - Ghana Investment Conference

The Republic of Ghana, in association with The Commonwealth Business Council and Ghana Investment Promotion Centre present The Commonwealth - Ghana Investment Conference, to be held in the capital of Ghana, Accra on the 27th, 28th & 29th of November 2002.

The Ghana Investment Forum will bring together Government ministers, corporate leaders from local companies and foreign investors. The programme will focus on business and investment opportunities in key sectors such as financial services, mining, infrastructure development, telecommunications, Ghana's competitiveness and SME development, manufacturing, agro-industries, corporate governance and social responsibility. Networking lunches, cocktail receptions and dinners will provide an opportunity for business presentations and the development of business relationships. Throughout the conference there will be the opportunity for high-level one-to-one meetings between potential investors, local corporate executives, Government Ministers and their officials.

The Conference's objectives are to:

Bring together Government Ministers and senior representatives from local companies in Ghana and foreign investors Promote investors interest in the public and private sectors in Ghana, and enhance opportunities for existing investors to meet with possible joint venture partners Consider current investment proposals and opportunities within the various sectors Review and discuss the Government of Ghana's new investment incentives and promotion policies Create the necessary environment for serious business discussions through high-level one-to-one meetings With a unique blend of advantages to potential investors, Ghana offers a number of key areas imperative to private sector growth and foreign direct investment policies. Recent divestments have encouraged multinationals, medium- and small-sized foreign companies as well as Ghanaian nationals residing overseas to expand their business interests in Ghana. In September 1995, Coca-Cola initiated a US$19 million investment in a new bottling plant and training facilities, Heinz recently invested US$20 million in a tuna canning operation, through its StarKist subsidiary. The government is also emphasizing the development of non-traditional expert sectors. One American firm, Coleman, has invested US$23 million in freshwater fish farming for export. As other recent investments and new investment plans show - by Caterpillar, Unilever, Guinness, M&W Pump, IBM, Lazare Kaplan, Deloitte & Touche, AT&T, Southwestern Bell, Pryor, McClendon & Counts, Eveready and more - the time has never been better for doing business in Ghana, Africa's new beacon of economic opportunity.

For further information contact
Sandeep Bahl at CBC Insight
Fax: +44 20 7024 8201
Tel: +44 20 7024 8200
Email: info@cbcinsight.com
Website: www.cbcinsight.com