Ghana courts British investment as BII eyes agribusiness and financial sector support

In a significant move to boost foreign investment in Ghana, Finance Minister Dr. Cassiel Ato Forson met with British International Investment (BII) representatives. They discussed strategic opportunities in agribusiness and finance.

The meeting focused on Ghana’s changing investment landscape. Dr. Forson emphasized, “Ghana is open for business. We welcome partners ready to grow with us.”

A key topic was Ghana’s upcoming Palm Industry Policy. This policy aims to diversify agriculture beyond cocoa.

The government plans to develop 50,000 hectares of oil palm. They will start with a $100 million investment for the first 20,000 hectares.

Dr. Forson stated, “Our goal is to attract private sector investment into large-scale agribusiness.” This initiative aims to create jobs and increase export earnings.

The Finance Minister invited BII to help strengthen Consolidated Bank Ghana (CBG). This reflects a broader effort to enhance the banking sector.

BII currently has over $200 million invested in Ghana, mainly in energy. They responded positively and reaffirmed their long-term commitment to the country.

BII representatives noted, “We see Ghana as a priority market in the region.”

In an encouraging sign, BII may bring its full Board to Ghana soon. This would be their first visit in nearly a decade.

The institution also expressed interest in supporting small and medium-sized enterprises (SMEs), forestry, and other sectors.

Dr. Forson concluded by saying, “We are creating the right environment for investors committed to sustainable growth.”