South African Investors explore opportunities in Ghana

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A business delegation from the Gauteng Province of South Africa has visited Ghana to explore business opportunities in the West African country.
In a business panel discussion during the visit, Madam Lulu Xingwana, the South Africa High Commissioner, said the delegation was looking to invest in Ghana and use the country as an extension to other parts of the West African Sub-region.
Xingwana tasked African business leaders to consider rural areas in their investment options.
 She said the business community should look at projects, which could be operated in the rural areas to create the needed development to their various countries.
She commended Ghana for being one of the best countries on the African continent for its stable good governance and peaceful transition.
Suggesting investment areas, she called on Ghanaian businesses looking forward to invest in South Africa to direct their attention to the information communication technology sector.
Mr Saki Zamxaka, the CEO of Gauteng Growth and Development Agency said like South Africa, Ghana was one of the most fascinating economics on the continent.
He said Ghana was most suitable for investment due to the country’s reforms, robust democracy, which had ushered the country into a number of peaceful change of leaderships.
He said: “This has been exactly the kind of stability foreign investors are looking for.”
Mr Zamxaka, who is also the leader of the delegation said intra-Africa trade had been low on the Africa continent and it was time for Africans to do business with each other to grow and develop the continent.
He said as a Province, they were looking for investment opportunities outside their country, where they could learn innovative ways of doing business from the East to the West of the continent.
The CEO called on governments across the continent to formulate good policies that would create and provide confidence for investment opportunities for investors.
Mr Karl Nelson, the Chief Operating Officer, Ghana Investment Promotion Centre, said Ghana had clear laws protecting foreign investors and encouraged investors not to entertain any fear in investing in the country.
He said the Centre had restructured their investment drive more towards specific and targeted projects to draw investors into the country.
He said more attention had been shifted to promoting local business to enable them contribute their quota to the development of the economy.

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