Ghana is offering matchless benefits to foreign investors where growth rate was 7.3 percent in 2013 and now it is six percent while foreign investors are absolved of tax and land for agriculture is being offered free of cost for commercial farming, he said.
The Ambassador said this while talking to first-ever Mayor of Islamabad Sheikh Ansar Aziz. Council General of Ghana in Pakistan Shahid Rasheed Butt was also present on the occasion. He informed that Ghana, a country with population of 27 million, attracted foreign investment of four billion dollars and it enjoys 71st position in the index of economic freedom while the government is trying best to further improve the situation.
Local and foreign investors enjoy similar benefits in the African nation which include repatriation of profits, he said adding that Pakistan investors are being given more relaxations.
He said that those Pakistani investors who have already invested in Ghana have been enjoying good profits and they are expanding their business in Ghana because it is a stable country where democracy is working well since 1992.
The number of poor in Ghana has declined by 50 percent while situation is getting better, according to international observers. Twenty commercial banks are operating in Ghana providing facilities to local and foreign investors on the directives of the government, said Alhaji Bawah G. Alembillah.
At the occasion Shahid Rasheed Butt congratulated Sheikh Ansar Aziz on becoming the first-ever Mayor of the Capital city while Aziz welcomed the relaxations offered by Ghana. He said that Pakistan’s export markets are saturated which has an impact on exports therefore new markets like Africa should be explored.
He said called upon the business community should try to get benefit from opportunities in Ghana and that he will try his best to serve masses and the business community of Islamabad.