Local businesses urged to invest in Ghana

Opare-Kumi
Opare-Kumi

Botswana businesses have been urged to exploit the many investment opportunities offered by Ghana. Solomon Opare-Kumi, the honorary consul of Ghana to Botswana, told delegates at the second instalment of the inBusiness Magazine annual breakfast seminar last week that his country has recently opened up a wide range of new business opportunities for non-Ghanaians.

“We guarantee the freedom for non-Ghanaians to establish and run enterprises in potentially lucrative areas,” he said.

According to Opare-Kumi, the West African country has ongoing privatisation initiatives that also open up a number of sectors for new business partnerships and investment. He said Batswana investors may benefit from a number of investment incentives that promote new enterprises and support existing ones in Ghana, including tax holidays, tax rebates and exemptions, and capital allowances.

Editor's Comment
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While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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