Nigerians In Ghana Invested $1.7 Billion In 2012 – Envoy

Unknown

The Acting High Commissioner, Ghana High Commission in Nigeria, Mrs. Irene Mammah, has disclosed that investment by Nigerians in Ghana as at October 2012 reached about $1.7 billion.

She disclosed this during her presentation at the Ghana Day at the on-going Abuja International Trade Fair, adding that, Ghanaians patronise three major fairs in Nigeria; Lagos, Abuja and the Art and Craft exhibition.

The envoy noted that about 50 Ghanaian companies are benefiting from their government’s sponsorship through the Ghana Export Promotion Authority (GEPA), under the Ministry of Trade and Industry at the Abuja Trade Fair, while calling on governments to work towards ameliorate the challenges they encounter such as poor infrastructures, extortion, unavailable direct sea link, as it would take Ghanaian Ship 45days to berth in neighbouring Nigeria, while a ship from the United State would get to Apapa port in 10 days.

Also speaking at the event, the Chief Executive Officer of the Ghana Export Promotion Authority, Mr. Gideon Quarcoo, disclosed: “Despite the attractions of oil revenues the government has taken a bold policy decision to stay focused on developing the non-traditional export sector.”

He added: “Over the past 5 years Ghana Export Promotion authority in collaboration with the Ghana High Commission in Nigeria has coordinated Ghana’s participation in the Abuja International Trade Fair. I wish to take this opportunity to express our gratitude to the Ministry of Trade and Investment, Abuja Chamber of Commerce, Industry, Mines and Agriculture, ABUCCIMA.

“In spite of challenges that we encounter, we achieved our objectives for coordinating Ghana’s participation in the fairs by creating trade opportunities between the private sectors in our two countries, it deepened relations between public sector institution in Ghana and Nigeria and also create jobs for our people.”