Vice president Kwesi Amissah-Arthur has urged international investors to take advantage of the stable economic climate in Ghana and invest in the country, adding that high returns on their investments are guaranteed.
He invited both domestic and international investors to participate in power generation to meet the increasing demand for power.
The Vice-President made the call when he received an 11-member delegation from the Dubai Chamber of Commerce and Industry, led by its President, Mr Hamad Buamim, at the Flagstaff House in Accra yesterday.
Making a case for private participation in the energy sector, Mr Amissah-Arthur said the demand for power had outstripped supply, thereby contributing to the current energy difficulties.
He told the delegation that the government was not relenting in its efforts at resolving the current energy situation.
He also told the delegation that the government was consolidating efforts towards the creation of a stable and predictable investment environment to woo more investors into the various sectors of the economy.
He touted the country’s democratic credentials, which he said had been acclaimed globally, adding, “In spite of the fact that international conditions in terms of commodity pricing are not favourable to the developing world, Ghana is still making strides.”
He impressed on the delegation to explore the real estate sector to help bridge the current housing deficit.
The Vice-President assured the delegation of an impartial judicial system, stressing that “our judicial system is fair in cases involving investment disputes”.
Responding, Mr Buamim, who is the Chief Executive Officer (CEO) of the Dubai Chamber of Commerce and Industry, said the chamber was establishing a branch in Ghana as a first step towards promoting business activities between its members and their Ghanaian counterparts.
He explained that the decision to set up an office resulted from discussions the chamber held with President Mahama in Dubai last year.
The Dubai Chamber CEO, who described Ghana’s economic prospects as bright, identified the tourism and real estate sectors as good areas for short to medium-term investments, adding that the chamber was to play a facilitating role by providing information to its members, numbering more than 150,000.