President to Open Ghana Investors Council Talks

President J.A. Kufuor will host the second Ghana Investors Advisory Council (GIAC) meeting in Accra today.

The meeting is expected to be a forum for reviewing the “action points identified” during the inaugural GIAC meeting in May 2002, and to continue with the process of harnessing both national and international corporate experiences in formulating strategies on how to make Ghana the ‘number one’ investment location for investors.

GIAC is a small informal group of high level leading local and international businesspersons who make the Investment decisions for their companies.

They meet exclusively with the President twice a year and focus on a small number of issues at his request and table solutions to these issues, all aimed at attracting both local and foreign direct investments into Ghana.

The GIAC was established by President Kufuor with the support of the International Monetary Fund (IMF) and World Bank, not only to highlight the investment potential of Ghana but also to recognize the important strides that Ghana has made in its pursuit of investor-friendly policy reforms.

Participants in Investors' Advisory Council meeting arrive Participants in the Second Ghana Investors' Advisory Council Meeting have started arriving for the event scheduled for Monday.

A statement signed by Kwamena Bartels, Minister for Private Sector Development on Sunday said those who had arrived include the Chief Executive Officers and Presidents of some of the world's leading multinational companies such as H.J. Heinz, HSBC/Equator Bank, CMS Generation Company, BHI Holding Limited and Hewlett Packard ABR International.

The statement said the Chairman of Tata International, the Regional Director of Heineken and the President of Affiliated Computer Services were expected on Sunday.

It said they would be joined by their Ghanaian counterparts including Dr Sam Jonah of AGC, Ishmael Yamson of Unilever, Nick Amarteifio of African Selection Mining, Said Fakhry of Interplast and Ken Ofori-Atta of Databank Financial Services Limited.