Look beyond the American market - Trade Minister tells Mexican Investors

Look beyond the American market - Trade Minister tells Mexican Investors
Source: Ghana|Myjoyonline.com
Date: 23-10-2019 Time: 08:10:39:am
Trade Minister, Alan Kyerematen speaking at the event

Trade and Industry Minister, Alan Kwadwo Kyeremanten, has urged investors in Latin America to consider Ghana as their preferred investment destination.

According to him, Ghana launched Industrial Transformation Programme that is seeking to support the private sector to transform and expand their manufacturing and productive capacities.

The Trade Minister made the comments in his address at the 15th edition of Mexico business summit. The event under the theme: Defining Mexico’s Options brought together leading business and investors from North America, Latin America, Asia and Europe.

Mr Kyerematen seized the opportunity to outline the Economic Transformation programmes being implemented by the Akufo-Addo government.

Of particularly mention was the One District One Factory (1D1F), Strategic Anchor Industries, Digitization Projects, Industrial Parks and Special Economic Zones, among others.

The Trade Minister informed the participants at the summit that the government is restructuring the financial services sector, investing in business related infrastructure such as the establishment of industrial parks and special economic zones, roads, energy and boosting investments in communications infrastructure.

With Mexico as a market leader in the Global Auto industry with car exports of $45.1billion, Vehicle Parts and Components $28 billion and Delivery Trucks $26.7 billion in 2017, he said “Ghana is therefore seeking strategic partnerships with the Mexican private sector businesses to establish manufacturing plants in Ghana to take advantage of Ghana’s emerging Auto Industry”.

The Trade Minister indicated that, the African market holds great potential for foreign investors and African countries are working on improving the productive capacities of local producers to also leverage the market opportunities and integrate into the global value chain

Alan Kyerematen urged the investors to join their colleagues in Ghana to leverage the country's numerous investment opportunities.