World Trade Center Accra has ended a six day trade and investment mission to Qatar with a call on Qatari investors to consider partnering with Ghana to modernize agriculture for mutual benefit of both countries.
The purpose of the investment mission was centered on highlights promising sectors of the Ghanaian economy to the Qatar business community and also to position Ghana as the best investment destination. It was aimed at creating networking opportunities between business,investors and government representatives of both countries.
The mission also introduced both Ghanaian and the Qatari firms to their common markets and prospective partners in the areas of agriculture,aviation, fishing , oil and gas, hydrocarbons, energy, real estate,construction and infrastructure.
The engagement also strengthened the collaboration between the countries to looking for business opportunities for trade and investment in the Ghana's energy, agriculture, hospitality, transportation and mining sectors.
About 23 top executives from various Ghanaian companies participated and was organ collaboration with ICC Ghana, Qatar Chamber of commerce, Ghana Investment promotion Center, WTC Doha and the Middle East Bureau of the Ministry fir Foreign Affairs and Regional Integration of Ghana.
Participating companies include Best Charcoal Africa Limited, Akyianu and Associates, Ntrakwa and Associates, Cardinal Law, Comet Ghana Limited, Strategic Africa Initiatives, Equity Health Care, Great Argon Group, Toprope Ghana Limited, and Helisel Avaition.
Paramount Chief of Asogli State, Togbe Afede XIV, who is also the Board Chairman of the Center, who led the Ghanaian delegation, said Ghana has high hopes from Qatar to monetize its recent oil discovery.
He said 'After making a major oil discovery in 2007, Ghana began production pf crude oil in 2010. We seek the expertise of Qatar in commercialization of our oil wealth.'
Qatar has developed its oil and gas sectors and it is the world's leading gas exporter now. As Ghana has huge reserves of oil and gas, we believe that the experience of Qatar could be useful to us, he said.
Afede XIV, who is also the chairman of WTC Accra, said investment in gold can be very lucrative as the yellow metal has re placed cocoa as Ghana's primary export.
'Ghana needs to open more gold refineries to increase its export. This is the area where Qatari investors can play a big role,' he said.
Citing the availability of vast tracts of fertile land, he urged Qatari investors to help Ghana modernize its agriculture sector and make use of it to ensure Qatar's food security.
He also welcomed Qatari investment in Ghana's real estate sector which is blooming in view of the oil reserved in the country.
Qatar Chamber Vice-Chairman Mohammed bin Ahmed bin Tawar al Kuwari said Qatari businessmen are looking for investment in Ghana's mineral resources. Ghana's reserves of bauxite could feed Qatar's aluminium industry, he said.
Qatar Investment Authority officials have shown keen interest in power projects planned to address Ghana's severe electricity crisis, he said, adding that an agreement in this regard will be signed soon.
Mr. Emmanuel Doni-Kwame, Managing Director of the World Trade Center Accra making a Ghana presentation, invited Qatari businessmen to explore opportunities in the areas of transport, agriculture and energy among others for the mutual benefit of both countries.
World Trade Center Accra and World Trade center Doha have agreed to sign an Memorandum of Understanding at the General Assembly of the World Trade Centers Association to be held in Manila, Philippines.