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Apr 15, 2015

Ghana’s medium term prospect is bright - Veep

Accra, April 14, GNA - Vice President Kwesi Amissah-Arthur has assured investors that the medium to long term prospects of the country’s economy are good.

He said despite the economic challenges in the country income levels had improved and extreme poverty reduced.

Vice President Amissah-Arthur gave the assurance when a 36-member business delegation from India paid a courtesy call on him at the Flagstaff House in Accra.

It was a follow-up to an earlier visit by the Vice President Amissah-Arthur to India last November.

The delegation is in the country to explore business opportunities in areas such as the manufacturing sector, sugar production, finance, health, rural electrification and agro-processing.

Vice President Amissah-Arthur said Ghana is on the verge of economic take-off and as such urged investors to take advantage of the various opportunities in the country.

He said Ghana has come a long way and this is the time that the country needs friendly investors to invest in the nation.

Vice President Amissah-Arthur said Ghana in 2011 had the highest growth rate in Africa and also received a lot of portfolio investors.

He said the reforms in the 80s have helped to reduce extreme poverty by half and the economic growth is much better.

Mr K. Jeeva Sagar, Indian High Commissioner in Ghana assured the business delegation that Ghana is a friendly destination for them to invest in.

He urged them take advantage of the business opportunities in the country to invest and create jobs for the people.

He asked them to share their best experiences and technical knowledge with their Ghanaian counterparts.

Mr Sam Pee Yalley, Ghana’s High Commissioner to India, who facilitated the visit of the delegation called for partnership between Ghanaian businessmen and their counterparts for the benefit of both countries.

He said the delegation was well selected from the Indian industry, the medical fields, Information technology and pharmaceutical companies to explore business opportunities in the country.

He said what the Ghana’s High Commissioner is doing is to get the best of India businesses and medical industry to invest Ghana.

He said what Ghana needs is not trading but real industry and manufacturing.

Dr Victor Bampoe, Deputy Minister of Health who signed an MOU with the Indian Health Sector last November when he visited that country explained the agreement was for Ghanaian medical personnel to be sent there for further training in specialised areas as well as exchanging knowledge in relation to medical development. – GNA