WIR BRINGEN SIE INS GESPRÄCH ...
Das Deutsch-Afrikanische Wirtschaftsforum NRW 2016 richtet sich an deutsche Unternehmer mit Interesse am Afrika-Geschäft. Es möchte ihnen die Potenziale des afrikanischen Marktes darstellen und den Weg dorthin erklären. Es bietet dazu neben sachlichen Informationen eine exzellente Networking-Plattform mit Experten aus den unterschiedlichen Feldern, die den Marktgang tangieren.
GHANA AT THE 4TH GERMAN-AFRICA ECONOMIC FORUM, DORTMUND
Welcome to the Fourth German-African Economic Forum which provides a platform for participants from Germany and Africa, prominent among them, business people, politicians, and policy makers to discuss investment potentials in Africa focusing on key sectors such as Infrastructure and Construction; Renewable Energy, Environmental Technologies and Water Management; Agriculture and Food, as well as Health and Medical Technology.
We are therefore here to present Ghana’s development agenda, including business opportunities and prospects and also to explore opportunities to further deepen trade and investment relations between Ghana and Germany.
Ghana is a role-model in Africa in terms of democracy, good governance and media pluralism in addition to being a rapidly growing economy where among others, businesses and investments are well protected under the law. Aside from some economic challenges which Ghana, like many other Countries in the world, faced between 2013 and 2015, caused largely by currency depreciation, massive drop in global market prices for major national exports and energy crisis, the Country’s economic fortunes have largely been positive.
Specifically on the energy crisis, Government has taken pragmatic steps to address the energy crisis which impacted negatively on the Country’s economic and social development, particularly in 2015. Before the end of last year, the Karpower Barge added 220 MW of power to the national grid. Other initiatives expected to actualise soon are the The Kpone Thermal Power Plant (KTPP) 220 MW, the Tico Expansion Project, 110 MW, the Asogli Phase 2 Project, 180 MW and the VRA TT 2 PP Expansion Project, 38 MW. Other equally important projects to improve the situation include solar energy with German investment which are on stream or about to actualise.
By the close of 2015, Ghana’s economy began to pick up with the implementation of Government’s home grown policies and reforms as well as an extended credit facility arrangement with the International Monetary Fund (IMF). Over the medium term, our economy is projected to recover and to register a growth of around 5.9%, augmented largely by higher oil and gas production and the resolution of the energy crisis, combined with increased private sector involvement, public infrastructure investments, as well as an improved macroeconomic framework and political stability. The Country’s abundant natural resources in the form of arable land and substantial deposits of gold, diamonds, salt, manganese and bauxite are also yet to be fully tapped. Ghana is therefore a growing economy and a rising Star in Africa.
Ghana’s investment attractiveness is sustained by its political stability and democratic credentials as well as its liberal economic policies. The guarantee of civil liberties under the 1992 Constitution has further bolstered Ghana’s investment attractiveness, so has the legal and regulatory framework, which the World Bank’s Doing Business report rates highly in sub-Saharan Africa for protecting the rights and interests of investors. This is further boosted by a thriving and independent media which enjoys the freedom to operate without fear of reprisals, according to Reporters Without Borders.
Additionally, Ghana is a member of two key trading blocs; namely, the Economic Community of West African States (ECOWAS) and the African Economic Community (AEC). As part of its commitment to an open trade policy, the Government has focused on harmonising external tariffs with the Member States of ECOWAS. Over the years, the Government has progressively eliminated or reduced its import quotas, tariffs and import licensing requirements which has helped to create a less restrictive business environment and better macroeconomic policies. Investors in Ghana will enjoy additional dividends in these two big potential blocs and markets.
At the bilateral level, Ghana and Germany have enjoyed strong and cordial relations over the years, characterized by increasing economic, trade and investment activities as well as high level visits from both Countries. In 2015, the President of Ghana, H.E. John Dramani Mahama, twice visited Germany whilst German Federal Ministers also visited Ghana, all in an effort to deepen bilateral cooperation between the two Countries.
President Mahama and Federal Chancellor Angela Merkel have also particularly enjoyed close working relations over the past few years. Both Leaders have cooperated at the bilateral and multilateral levels to improve relations and build consensus on matters of common interest. Following the Ebola outbreak in some West African Countries a little over a year ago with its devastating impact on the affected societies, President Mahama worked closely with H.E. Chancellor Angela Merkel and Norwegian Prime Minister, H.E. Erna Solberg, to launch a partnership on global healthcare, to better prepare the international community to respond effectively to future global health epidemics. This initiative has now been adopted by the United Nations as part of its strategies on global healthcare.
At the global level, President Mahama has been appointed by the United Nations Secretary-General, H.E. Ban Ki-moon, as Co-Chair of a Group of Eminent Persons to advocate and coordinate the campaign to achieve the Sustainable Development Goals (SDGs). This appointment is in recognition, among others, of our President’s sterling performance as an African Leader with proven commitment to build a strong, resilient and sustainable economy for Ghana and Africa.
As Ambassador of Ghana to Germany, I look forward meeting with representatives of German Business and other Stakeholders already doing business in Ghana or considering doing so. We are particularly interested in investments in terms of job-creation, value addition and also skills and vocational training in Ghana.
We kindly advice that requests for such meetings be directed to the Ghana Embassy in Berlin through
email: email@example.com or
by telephone number (00-49) 30 54 71 49-31.
I look forward to these meetings and I wish all of us a fruitful 4th German-African Economic Forum.