Audio By Carbonatix
Government would offer a two-year tax holiday to any investor prepared to establish an agro-processing industry in four deprived Regions in the country.
The Regions are the Central, Northern, Upper East and Western.
Mr Haruna Iddrisu, Minister of Trade and Industry, disclosed this on Tuesday when a six-member Turkish delegation paid a courtesy call on him in Accra to declare their interest in investing in economically viable areas in the country.
He gave the assurance that Government would provide investors with a friendly investment climate as well as a guarantee to repatriate their profit.
Mr Iddrisu said economic fortunes existed in the agricultural, telecommunication, infrastructure and road construction as well as in the medical fields.
He said Government was seeking the investment partners to revamp the Kpalungu Tomato Factory, a tomato paste factory located in the Upper East Region, that is saddled with challenges.
Mr Iddrisu said the Brong Ahafo Region is also a hub for a tomato-producing community adding that the Region could serve as a vantage area for the establishment of a factory.
On construction, he announced Government’s intention to construct regional hospitals in the Eastern and Western Regions.
Mr Iddrisu praised Turkey for her shelter intervention, describing their construction projects as the best in the world.
He said Government was interested in attracting investors who would construct a number of housing units for the security agencies.
Mr Iddrisu said Government was seeking additional funding to enable it develop the Tamale airport into an international standard.
He commended Mr Suha Ozkan, head of the delegation, for his enthusiasm and diplomacy in driving Turkish investment into the country and added that it had already yielded “diplomatic dividends”.
Mr Ozkan was accompanied by Mr Osman Demirier, General Co-ordinator of ERN Group, Mr Ahmet Tekin Ozdener, Chief Commercial Officer of KOC Group and Mr Sezgi Mete, Export Group Manager of KOC Group.
The KOC Group has the intention of establishing a manufacturing facility for producing spaghetti, tomato paste and ketchup.
The group also is seeking to establish an assembly plant for refrigerators, air conditioners, washing machines and cookers.
The Eren Group on the other hand is prospecting to establish, through a public-private partnership, construction of airport terminal, institutional housing and construction of hospital blocks.
The visit of the delegation had been facilitated by the Ghana Export Promotion Authority (GEPA) and Afrimeks Foreign Trade Limited, a Turkish establishment.
The two entities had facilitated Turkish investment in export-oriented manufacturing and services sectors in the country.
It was as a result of GEPA’s coordination of Ghana’s participation in Izmir Fair in Turkey in September 2012,and this has resulted in two batches of Turkish investor delegations visiting the country.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
9 minutes -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
19 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
23 minutes -
Nigeria convicts 386 Islamist militants in mass trials
28 minutes -
Djibouti president wins election with 97.8% of vote, state media saysÂ
33 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
47 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
1 hour -
Christina Koch becomes first woman to travel around the moon on Artemis II
1 hour -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
2 hours -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours