Veep appeals to Brazil to help develop Ghana’s economic potentials
Vice President Paa Kwesi Bekoe Amissah-Arthur on Thursday appealed to the Brazilian investor community to consider Ghana’s strategic position within the West Africa sub-region and work together to develop her economic potentials.
He said there were huge potentials for Ghana’s economic growth and government was ready to team up with investors and provide opportunities for the generation of power.
At a meeting with a Brazilian business delegation, led by Ms Irene Vida Gala, the Brazilian Ambassador to Ghana, the Vice President said the Government of Ghana was ready to collaborate with investors to tap into Ghana’s rich investment potentials within the overall national development agenda.
Vice President Amissah-Arthur noted that there were similarities between Ghana and Brazil and added that Ghana “was happy to meet with people of the Southern hemisphere.”
He said the two nations had a shared history and Ghana is at a strategic position in the West African sub-region because of its political stability and the positive economic indicators.
The Vice President urged investors to take advantage of the sound investment climate saying the country possessed some capabilities in power generation for export to neighbouring countries and appealed for partnership with investors to generate more power and energy.
He said other areas of collaboration are transportation and education.
Ms Gala said the relationship between Ghana and Brazil was several decades old and was cemented officially with the opening of Brazilian Embassy in the 1950s.
With similar shared values on the international scene and on the issues including cocoa, coffee and football, the two nations understood the world more or less the same way, Ms Gala said.
She said Ghana is the second nation of interest apart from Angola adding that the delegation could help to actualise a recent call by Ghana’s President John Mahama to accomplish the guidelines for Brazil to maintain an economic and priority relation with Ghana.
The Ambassador announced that Brazil was looking into areas of construction, rural electrification, agri-business, affordable housing, oil and gas saying “we have the means to participate and finance business in Ghana.”
Ms Gala said Brazil was in discussions over the framework for increasing its financial assistance to Ghana and that a project for the cultivation of 40,000 acres of cashew would be included in the deliberations.