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Business News of Wednesday, 18 July 2018

Source: Michael Afful

Chinese delegation explores business opportunities in Ashaiman

The Chinese business delegation with members of the Ashaiman Municipal Assembly The Chinese business delegation with members of the Ashaiman Municipal Assembly

A seven-member business delegation from the Foshan Chamber of Commerce in Guangzhou Province of the People’s Republic of China on Tuesday met with the Ashaiman Municipal Chief Executive, Albert Boakye Okyere and some officials of the Assembly to discuss investment opportunities in Ashaiman.

The delegation led by the Chairman of the Foshan Chamber of Commerce, Wu Wey Xin will be spending about five days in Ashaiman to explore business opportunities.

Their visit was to reciprocate an earlier visit by the MCE and some officials to China last month.

During the visit to China, the Chamber signed a Memorandum of Understanding (MOU) with Ashaiman Municipal Assembly to US$50million in infrastructure projects in Ashaiman Municipality

The MOU which was signed under Public Private Partnership will focus on infrastructure projects in the area of construction of International Truck terminal, affordable housing, markets construction and automobile services.

The delegation toured the various sites where the projects would be situated.

Speaking in an interview with journalists after visiting the projects site, the spokesperson for the delegation Kofi Kwain noted that the team were very happy about the kind reception offered to them by the assembly.

He explained that the delegation comprised real estate developers, cement manufacturers, automobile experts, ceramics manufacturers etc.

"The Chief Executive has introduced them to a lot of business opportunities in the Ashaiman Municipal assembly which they have also welcomed it in good faith. Very soon the two cities would come together and embark on projects," he explained.

According to him, if all the process goes through (signing of contracts) the projects should commence in about six months’ time.

The Municipal Chief Executive for Ashaiman, Mr Albert Boakye Okyere on his part expressed his gratitude to the delegation for choosing to come and invest in Ashaiman.



He told the delegation that Ghana is the only West Africa that has not experienced war.

He assured the delegation that their investments in Ashaiman would safe because Ghana is a stable country.

He noted that when the various projects commences it would create jobs and also improve the lives of people in Ashaiman.

“When you come to Ashaiman you see a lot of people and some of them don’t have place of abode so when we’re able to provide them with affordable housing it will bring them relief,” he explained.

With the increasing number of mechanics who operates in Ashaiman some of whom do not have a permanent place, Albert Okyere said he is hopeful that the establishment of automobile services hub will bring all the mechanics together.

He said the various projects under the MOU will deliver several jobs to the teeming unemployed youth in Ashaiman.