Ghana ready for big investments- Bawumia tells China Exim Bank

The Vice President, Dr Mahamudu Bawumia, has challenged the investor community to take advantage of Ghana’s competitive advantages, especially within the West Africa sub-region, to make significant investments that would bring them appreciable returns.

The Akufo-Addo government, Dr Mahamudu Bawumia indicated, is looking for “significant investments to do big things” and is putting the necessary legislative and policy framework in place to ensure the private sector thrives in a business-friendly environment.

“The six-month old Akufo-Addo government is committed to transforming Ghana’s economy, ensuring macro-economic stability and managing our resources efficiently. We need significant investments to do big things, and any investor will find us a partner committed to ensuring a win-win situation”,

Dr Bawumia stated this when he called on the President of the China Exim Bank, Mr Liu Liange in Beijing, China.

The Vice President, who is on a four day official visit to the People’s Republic of China, is leading a delegation of Ministers and businessmen to the Asian country in a quest to deepen diplomatic and economic ties as well as create opportunities for Ghanaian businesses to form partnerships with their Chinese counterparts.

This visit is at the invitation of the Chinese government, and it is the first high level official state visit to China since the New Patriotic Party took office in January this year.

Speaking to the leadership of the China Exim Bank, Dr Bawumia proposed a strategic partnership between the China and Ghana Exim banks to facilitate the acquisition of machinery for the ‘One District One Factory’ programme, as well as the various infrastructure projects outlined in the vision of the NPP government.

On his part, Mr Liu Liange indicated that, the Chinese Exim Bank’s confidence in Ghana is reflected in the fact that the country has received the largest amount of money from the bank in Africa for projects such as telecom and agriculture.

“The bank also stands ready to help Ghana in the area of high speed railway, aviation, industry, manufacturing and the other priority areas for the government of Ghana” he assured.