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Business News of Wednesday, 18 April 2018


Ghana is a good place for business – Bawumia

Dr. Mahamudu Bawumia, Vice President Dr. Mahamudu Bawumia, Vice President

Vice-President Dr Mahamudu Bawumia has called for increased collaboration towards a sustained public-private partnership-led economy to charge a new direction for Ghana.

He made this known when a high-powered business delegation from Bavaria, a heavily industrialised region of Germany, paid a courtesy call on him at the Jubilee House on Monday, April 16, 2018.

Dr Bawumia outlined programmes the government is undertaking, and touted the achievements of the administration.

"We are putting Ghana on the right foundations and stabilising the economy. These include ensuring fiscal discipline, cutting the budget deficits, managing the national debt, and infrastructure development to help increase productivity," he said.

At the meeting, the Vice-President also pushed for investment opportunities in productivity-focused infrastructure.

Known for its advanced agricultural economy, Vice-President Bawumia also urged the delegation to also look at possible investments in the ‘Planting for Food and Jobs’ programme.

He informed the delegation of investments made by government to formalise the economy and deepen financial inclusion, such as the national identification cards, digital property address system, and mobile payments interoperability.

On their part, Mr Ulrich Rieger, the leader of the delegation, praised Nana Akufo-Addo's government for stabilising the economy and making Ghana one of the 10 strongest growing markets in Africa.

"Ghana is an outstanding springboard market for small and medium-sized companies, and it is the fifth most important market for Germany," he noted.

"We want to open doors for Bavarian economy, create opportunities and bring companies from Bavaria to partner with companies from Ghana," he added.
Bavaria is one of the top economic locations in Germany and Europe.