Karachi: Ghana’s High Commissioner to Pakistan and Iran, Eric Owusu highlighted vast potential for industrialisation in Ghana during address to Korangi Association of Trade and Industry (KATI). He emphasised that Pakistani investors and industrialists could tap into African markets with assistance of Ghana.

Government of Ghana is committed to providing favourable conditions for investment in country’s textile sector. KATI President Faraz-ur-Rehman, Deputy Patron-in-Chief Zubair Chhaya, senior Vice President Nighat Awan, Honorary Consul General Ikhtiar Baig, social activist Junaid Ahmed and other prominent industrialists were present. Eric Owusu announced that Ghana would offer various incentives, including tax benefits to encourage establishment of industries in country.

He highlighted availability of skilled and cost-effective labour in Ghana, which would further facilitate business ventures. By setting up industries in Ghana, Pakistani industrialists can gain access to massive African market comprising 1.4 billion people. Additionally, goods manufactured through industrialisation in Ghana would enjoy duty-free exports worldwide.

Faraz-ur-Rehman affirmed that KATI would play significant role in assisting business community to access African markets. He emphasised importance of trade delegations and collaborations between Pakistan and Ghana to enhance bilateral trade.

He suggested organising dedicated exhibition between two countries to showcase their respective industries. He proposed exploring currency swaps and local currency trade between Ghana and Pakistan. He called for establishment of trade routes to facilitate barter trade between two countries. Ikhtiar Baig urged Pakistani industrialists and investors to leverage Ghana’s African policy, which includes advantages such as affordable land for setting up industries and tax concessions.

Zubair Chhaya highlighted friendly relations between Ghana and Pakistan but expressed concern over relatively low trade volume between two nations. Faraz-ur-Rehman presented shield to Eric Owusu.

Published in The Daily National Courier, July, 12 2023

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