Seize the opportunities of AfCFTA and invest in Ghana – Ambassador calls on Saudi companies

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Ghana’s ambassador to Saudi Arabia, Alhaji Mohammed Habib Tijani, has urged investors and businesses in the kingdom to take advantage of the African Continental Free Trade Area (AfCFTA) by investing in Ghana.

He stressed that Ghana is a safe and profitable destination for businesses in Africa and that capitalizing on investment opportunities benefits investors.

Alhaji Habib Tijani is thrilled that the single market created by AfCFTA would accelerate the transformation of the continent’s economies.

At a meeting with the Chief Executive Officer (CEO) of the Saudi Fund for Development (SFD), Sultan Bin Abdul Rahman Al-Marshad, the ambassador urged him to encourage Saudi investors to take advantage of the AfCFTA’s opportunities and invest in Ghana .

For his part, Sultan Al-Marshad called on the respective Metropolitan, Municipal and District Assemblies (MMDAs) in Ghana to submit proposals for consideration by the SFD, FSCC and other economic bodies.

Alhaji Habib Tijani thanked the SFD for the commitment in development programs in Ghana since the 1980s.

Seize the opportunities of AfCFTA and invest in Ghana - Ambassador calls on Saudi companies

He mentioned projects such as the northern electrification program, the Tetteh Quarshie-Mamfe road project and, more recently, the loans made for projects at the Bolgatanga and Korle Bu teaching hospitals.

The ambassador also briefed the SFD CEO on investment opportunities in Ghana, focusing on key government development programs including the One-Village One Dam (1V1D), One District One Factory (1D1F) and the Planting for Food and Initiative Jobs (PFJ). .

He went on to explain that the initiatives have been put in place to enable irrigation year-round in parts of the country, particularly in the Savanna Zone, and also to combat youth unemployment, achieve food security and add value through agro-processing Ghana’s exports to create.

He also spoke about investment opportunities that the programs offered and urged Sultan Al-Marshad to encourage relevant Saudi institutions and companies to invest in the projects.

Alhaji Tijani added that “Regarding Planting for Food and Jobs, my host revealed that Saudi Arabia is a major producer of high quality fertilizers and that Saudi Exim Bank could be mandated to enter into agreements with the Saudi Arabian Basic Industries Cooperation (SABIC ) to provide Ghanaian farmers with fertilizers and other agrochemicals at very competitive prices ”.

However, he assured Sultan Al-Marshad that in due course the proposals for the above flagship programs of the Government of Ghana would be submitted to the SFD and other relevant Saudi authorities for consideration.

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