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Business News of Thursday, 21 November 2013

Source: GNA

Veep woos Kuwait investors to Ghana

Vice President Kwesi Bekoe Amissah Arthur has met the Crown Prince of Bahrain Prince Salman Al-Khalifa in Kuwait and encouraged his country to invest in Ghana’s economy.

He said Ghana has a conducive investment climate which ensures that investors reap maximum profits on their investment.

In an interaction with the Crown Prince on the margins of the 3rd Afro Arab Summit in Kuwaiti City, Vice President Amissah-Arthur invited the Government of Bahrain to encourage its private sector in invest in Ghana's Mining, Agriculture, Tourism, and Energy sectors, for the mutual benefit of the two countries.

Briefing the Ghana News Agency on the meeting, Mr Kweku Tsen, a Presidential Staffer at the Office of Communications of the Vice President said, Vice President Amissah-Arthur told the Prince of Ghana’s large tracts of fertile lands which investors from Bahrain could use for food and raw material production to feed local and foreign manufacturing concerns.

Additionally, the Veep said Ghana could boast of major rivers in the country, which investors could use for irrigation purposes, to enhance agriculture activities.

The Vice President said Investors from Bahrain could also invest in the country's infrastructure sector on a public-private partnership stressing that the ports, airports and roads sectors were areas which were available for investment.

He urged Bahrain to share its expertise in the gas production to enable Ghana safeguard its gas industry into the foreseeable future.

For his part, the Crown Prince said the political stability which Ghana had enjoyed in the past 23 years and the economic transformation it had achieved over the period make it a favourable destination for investment.

He, therefore, promised to liaise with the investor community in Bahrain and encourage them to take advantage of the varied economic potentials in Ghana. Present at the meeting was the Deputy Minister for Foreign Affairs, Mr. Kwesi Quartey.