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Business News of Tuesday, 22 August 2017

Source: www.ghanaweb.com

Government will protect foreign investors - Senior Minister

Senior Minister, Yaw Osafo Maafo has stressed government's commitment to creating an enabling environment for businesses to thrive.

The Senior Minister noted that many of the current government's policies require partnerships and investments from the private sector and foreign investors.

He, however, disclosed that, for the government to achieve its target of inviting foreign investors into the country, government is initiating policies and programmes that will reduce risk and cost associated with doing business in the country.

He said government was willing to give maximum protection to foreign companies and investors that set up businesses in the country as an incentive to welcome more investments.

"Ghana's risk will be as low as anywhere else in the world. To me, that’s the only way we can attract the investors from the comfort zone. We want to attract the investors, there must be something better than prevailing where he is. I am assuring you our foreign investors that under Akufo-Addo's government, your protection is assured" he said.

His remarks were made during the 2017 Ghana Investment Summit in Accra on Monday, August 21.

This summit follows what the government has declared as a new era of investments in Ghana and has, therefore, vowed to restore the country’s fiscal health, boost confidence in the economy as well as drive growth and job creation across the private sector.

Ken Ofori-Atta, Minister of Finance, Ghana; Nick Godfrey, co-CISO, Goldman Sachs – London; Michael Okyere Baafi, Executive Secretary, Ghana Free Zones Board; Ali Mufuruki, Founder, Infotech Investment Group – Dar es Salaam as well as Joe Mensah, CEO, Kosmos Ghana – Accra are amongst the list of speakers at the two-day event which ends on Tuesday August 22, 2017.