Ghana plans to woo Mauritian investors

Ghanaian delegation will conduct a visit in Mauritius from 10 to 13 November in order to familiarise itself with the island's successful economic story.

The delegation will also explore possibilities of collaborating with local companies in order to convince Mauritian investors to invest in Ghana, industry sources say.

According to Michael Klesh, a Ghanaian government consultant, the lack of collaboration with other countries in the region prevented Ghana from achieving its goals, especially since the country has a relatively new textile industry.

Klesh was quoted as saying "the country's main asset is that it is vertically integrated. Its integrated companies carry out various activities such as spinning, weaving, dyeing, printing, and finishing."

He added: "The country is a main producer of cotton, cotton clothing, denim, jeans and shirts. Some of the companies are specialised in the production of sewing thread and in cotton thread weaving."

According to Klesh, Ghana has instituted series of measures to reflate the economy in general "for it is determined to attract direct foreign investments."

He also declared that Ghana vice minister of trade and industry, Akwasi Osei-Adjei, would lead the mission, joined by a dozen other people, including government executives and manufacturers.