Business News of 2014-06-16

Israeli businesses in Ghana to discuss investment

Ghana is to benefit from about $500m worth of investment from Israeli businesses.
The two countries will sign a memorandum of understanding (MoU) today to create the enabling environment for them to transact business and grow economic relations.
The investment is part of efforts at fostering bilateral relations between the two countries.
Details of the agreement will be discussed at the meeting today.
Business delegation
A delegation of about 60 businesses, led by the Israeli Foreign Minister, Mr Avigbor Liberaman, arrived in the country yesterday for two-day bilateral talks with government officials and the Ghanaian business community.
As part of the visit, the Israeli Foreign Minister will hold a meeting with the Minister of Defence, Mr Mark Owen Woyongo, and the National Security Advisor, Mr Yaw Donkor.
Addressing the media, Ghana’s Minister of Foreign Affairs and Regional Integration, Ms Hannah Tetteh, said Ghana had benefitted from considerable investment from Israel, especially in agro-processing and manufacturing, adding that that had opened up new areas in the local economy.
She said Israel had, over the years, cooperated with Ghana in areas such as agriculture, early childhood development and general political co-operation.
She said the two countries had long-standing bilateral and diplomatic relations which were established some years back.
Mr Liberaman said investors from Israel had shown interest in investing in the economy of Ghana, adding that the delegation was made up of business representatives of various companies in Israel.
He said Israel would continue to support and co-operate with Ghana to provide the best atmosphere for businesses to thrive in both countries.
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