Mahama says Ghana has adequate legal framework for investment

Vice President John Dramani Mahama on Friday stated that government has put in place adequate legal and business framework that would make investors comfortable in the country.

Apart from the framework, he said, Ghana’s democratic credentials were exemplary enough to attract investors to do flourishing business.

Vice President Mahama stated this when a Brazilian delegation from the Diaz Branco Group of Companies called on him at the Osu Castle to express their desire in establishing a Biscuit and Pasta factory in Ghana.

He told the delegation that investing in Ghana had the potential of feeding about 240 million Africans considering the fact that Ghana had over the years served as the gateway to the African continent and would continue to play that role efficiently.

“Ghanaians and for that matter Africans eat a lot of pasta, biscuits and bread and I believe that establishing such an industry will be a step in the right direction to feed the entire African markets in the coming years.”

Mr Francisco Ivens De Sa Dias Branco said the company when established would invest about 400 million dollars and create job opportunities for about one thousand Ghanaians.

He said although Ghana had been considered in their road map as the hub of the company, the final decision would be taken on their return to Brazil.

Source: GNA

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