Nana Akwete
The Ghana Investment Promotion Centre said yesterday that 17 registered firms
owned by Nigerians have so far invested $1.5 billion (about N325 billion) in the
Ghanaian economy.
Mr George Aboagye, Chief Executive Officer of the agency, disclosed this while
presenting the investment opportunities in Ghana at the ongoing 2011 Lagos
International Trade Fair.
Aboagye said the investments were those recorded between September 1994 and June
2011.
He said that the investments were expected to grow by $500 million (about N75
billion) by 2015.
He said the investments were in agriculture, manufacturing, building, liaison
services, tourism and the general and export trade sectors of Ghanas economy.
Aboagye said Nigeria was his countrys 5th and 6th largest source of
investment in terms of value and number of projects registered.
He said the relations between the two countries had been very warm, cordial and
beneficial.
Ghana is richly endowed with human and natural resources.
These resources present numerous business opportunities in oil and gas,
agriculture, manufacturing, tourism, energy and property development, Aboagye
said.
He said the priority sectors for investment in Ghana were oil and gas, energy,
infrastructure, agriculture, manufacturing, tourism, ICT and financial services.
Aboagye said that Nigerians had the high kind of entrepreneurship that Ghana
looked up to.
Whenever a Nigerian comes to do business, the knowledge and experience he
brings always proved very useful to us in Ghana, he said.
Aboagye listed investment incentives to include custom duties exemption for
plants, machinery, equipment, graduated and reasonable corporate taxes and tax
holidays ranging from five to 10 years.
Other incentives include relief from double taxation, location incentives of
between 25 and 50 per cent tax rebates for manufacturing companies and automatic
immigrant quotas, depending on the paid up capital.
The theme of the trade fair is: Increasing competitiveness of Nigerian
products in the global market.
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