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Business News of Monday, 24 June 2019


Ghana is not a third world country - Yofi Grant

Yofi Grant, CEO of the Ghana Investment Promotion Centre speaking at the China Trade Week Yofi Grant, CEO of the Ghana Investment Promotion Centre speaking at the China Trade Week

The CEO of the Ghana Investment Promotion Centre Yofi Grant has touted Ghana as " a new world" that is open to business opportunities.

In his keynote address at the GIPC organized Ghana-China Investment Forum, during the 3rd edition of the China Trade Week (CTW) Ghana 2019, Grant said the country can neither be labeled a first world nor a third world country.

"I have always said Ghana is not a first world country and it is not a third world country," he said.

"Ghana is a new world that is opened to business opportunities.

"It represents a new business hub for investors, who want to take advantage of areas such as agriculture, infrastructure, human resource development, entrepreneurship and industrialisation."

He said boasts of a business-friendly environment that makes it one of the best places to invest.

The forum themed “Strengthening the Sino-Ghana Partnership for Industrialisation” serves as a platform for Ghanaian businesses to establish and build commercial relationships with high caliber Chinese counterparts.

He explained the reason behind Government's One District One factory initiative, urging China to take advantage and partner local businesses to make Ghana a manufacturing hub in West Africa.

China Trade Week is jointly organised by Dubai and China-based MIE Events, and its local Ghanaian exhibition company Geovision Services.

The three-day CTW showcased more variety and high-end Chinese manufacturers looking to develop long term relations with local buyers.