Business News of 2013-12-13

We have favourable investment environment - Veep

Vice-President Kwesi Amissah-Arthur has encouraged Iranian investors to take advantage of the stable political and economic environment to invest in the country.
He said investment opportunities are abound in all sectors of the economy, particularly in the infrastructure and oil and gas sectors and, therefore, extended an invitation to Iran to invest in those areas.
The Vice-President made the call when an Iranian business delegation called on him at the Flagstaff House in Accra yesterday. “We have an economy that is free; we think we provide a great opportunity,” Mr Amissah-Arthur said.
The delegation, led by Dr Ali Abdolalizadeh, Chairman of the Board of Directors of the Andisheh Taban Company, is in the country to explore avenues to invest in the housing industry.
The company plans to construct 1,000 housing units initially, and increase the number to 10,000 in future.
Commenting on the country’s economic gains, the Vice-President said Ghana’s economy was growing at an average rate of seven percent, making it one of the fastest-growing economies in sub-Saharan Africa.
It was in recognition of those achievements that the country became a lower-middle country, Mr Amissah-Arthur said; adding that “we are trying to develop our infrastructure so that we achieve our Millennium Development Goals”.
He said the government’s priority activities were meant to, among other things, improve sanitation and expand access to clean and potable water.
Dr Abdolalizadeh called on the government to consider issuing a guarantee for the minimum prize of a housing unit for construction companies.
“Our company will start with 1,000 units and if it works well, we shall increase to 10,000 units and replicate the project in other regions,” he said.