President Akufo-Addo’s industrialisation drive has received a major boost as investors from Germany have expressed interest in setting up in Ghana, ABC News can report.
Christoph Retzlaff, German Ambassador to Ghana, has disclosed that a German investor will set up a cocoa processing plant in Suhum in the Eastern Region.
The Ambassador also revealed that DTRT textile factory in Accra will also benefit from more German investments.
The investments in the country were secured following the President’s official visit to Germany, on the request of German Chancellor Angela Merkel, to attend the G-20 Summit.
From there, he will go to the UK for a private visit and is expected to return to Ghana on Tuesday, November 26, 2019.
“Concrete results for Ghana #CompactwithAfrica conference Berlin: German investor will build cocoa processing plant in Suhum/Eastern Region. And more German investment in DTRT textile factory Accra: 1500 new jobs!” Christoph Retzlaff tweeted, ABC News can report.
Thank You Mr President for your sharp focus on getting dividends for Ghana. https://twitter.com/GermanAmbGhana/status/1197477052171112448 …Christoph Retzlaff
Concrete results for Ghana #CompactwithAfrica conference Berlin: German investor will build cocoa processing plant in Suhum/Eastern Region. And more German investment in DTRT textile factory Accra: 1500 new jobs!
Earlier this week, a leading member of the governing party, Gabby Asare Otchere-Darko disclosed that Ghana earned $8billion in Foreign Direct Investment in the first two years of the Akufo-Addo administration.
He added that the Ghana Investment Promotion Council (GIPC) has set an ambitious target of $200 billion to achieve within the next 10 years.
The positive return in investment the country is witnessing, in Gabby’s view, is due to the extraordinary work President Akufo-Addo is doing out there.
“You wonder why Ghana attracts the biggest Foreign Direct Investment in West Africa, which is now double what NDC did? We have a President who is out there, working hard, promoting Ghana. Since returning from Dagbon at the weekend to celebrate the first Damba festival for a generation, Akufo-Addo has been to Abuja, Abu Dhabi, Dubai, today Berlin and Wednesday London. He nearly doubled FDI in his first year and brought in $8bn in his first two years. GIPC’s strategic plan is now targeting $200 billion over the next 10yrs. Ghana is going places.” he submitted.
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