Industrialist Predicts Foreign Investments Into Ghana

From Masahudu Ankiilu Kunateh

Email: mk68008@gmail.com  

 

MawuMr Humphrey Ayim-Darkeh, an industrialist, on Wednesday predicted more inflows of foreign direct investments into the country after the verdict of Supreme Court on the 2012 election petition.

He, therefore, charged technocrats to position the country to benefit from such inflows.

Mr Darkeh, who is the Greater Accra Regional Chairman of the Association of Ghana Industries (AGI), was speaking at a two-day 2013 budget advocacy workshop in Accra.

It was organized by the Institute of Financial and Economic Journalists (IFEJ) with support from STAR-Ghana, on the theme: “Tracking the Performance of the 2013 Budget Statement and Expectations for 2014.”

Mr Darkeh said because returns on investments in Ghana were very high, foreigners were taking advantage of the situation to enhance their activities.

He asked relevant authorities to study the trend critically and issue policy directions to enable Ghana to benefit from such investments.

Mr Darkeh said it was unfortunate that some multinationals and foreign investors were engaging in direct trading instead of establishing industries, which      was denying Government of taxes and employment for the youth.

However, Nana Akrasi Sarpong, acting Corporate Affairs and Communication Director, Ministry of Trade and Industry (MOTI), denied the speculation that foreigners were taking over Ghanaian businesses.

He asked interested Ghanaians to invest in the economy, and assured them of Government support. – GNA

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