In his inaugural address, HE the ambassador of Ghana to Qatar Mohammed Nurudhin said Ghana is well organized and it is the right place to do business in West Africa. Our country is known for its political stability and peace with much potential for investment in infrastructure, energy and agriculture,” he said urging the investors to consider his country.
The ambassador noted that Qatar has proved itself to be a much developed and the country shares good relations with Ghana.
President of BDM and PBG Managing Director Ali Hassan Thacharakkal delivered the presidential address. “BDM is an annual business event by PBG to explore new opportunities across different industries and regions,” he said.
Each edition of BDM focuses on a new theme that is relevant and helpful for the business community. The third edition was conducted in Dubai last year to explore the opportunities in the Middle East with a focus on Qatar, UAE and Saudi Arabia. “This edition highlights the business potential in the GCC and Africa, particularly in Qatar and Ghana,” he said. He explained that PBG has always been committed to creating strong business networks, supporting entrepreneurs and opening new doors for investment. “We have expanded to Africa because Africa is the future and we launched our new company named QG Globex Ventures in Ghana in January this year marking a giant leap towards strengthening our presence and contributing to the country’s economic growth and promoting the African market to potential investors,” he said noting that PBG’s MoU with Ghana Investment Promotion Centre (GIPC) is a testament to PBG’s commitment to promoting business and investment opportunities between Qatar and Ghana.
Exuding his confidence that BDM will be an ideal venue to generate stronger partnerships, Ali said the meeting will help the participants explore new possibilities in Africa through fruitful discussions, meaningful connections and future collaborations.
Former Minister for Youth and Sports and Member of Parliament, Ghana, Mustapha Ussif said Ghana is an investment destination due to a host of reasons ranging from the wealth of natural resources to its youthful population. These include economic growth, favourable investment climate, diverse sectors, a youthful workforce and government initiatives supporting investment.
“Ghana’s government is committed to fostering an investor-friendly environment through several initiatives including Free Zones and Special Economic Zones that are designed to facilitate exports and attract Foreign Direct Investment (FDI). The African Continental Free Trade Area Secretariat (AfCFTA) is headquartered in Ghana and it positions the country as a trade and logistics hub,” he said noting that there are several investment incentives including tax exemptions, duty waiver and streamlined registration processes to create a favourable business environment.
Regulatory efficiency, he said, assures that investors may earn significant returns. “Ghana is uniquely positioned to facilitate exports given its geographical position, the meridian (Greenwich Meridian) and an enhanced supply chain connection. Ghana’s financial system and it has several international banks,” he said.
Former Deputy Finance Minister of Ghana Alexander Ampabeng said his country is committed to supporting FDIs with robust and transparent legal and regulatory provisions and a stable political environment. “There are highly skilled and cheap labour force, stable power supply and good transport network. Ghana is a signatory to the Multilateral Investment Guarantee Agency(MIGA) and guarantees against expropriation,” he said.
“Ghana is a favourable ground for renewable energy and it has a target of at least 10% renewables in the energy mix by 2030. Ghana has developed an ET framework for its green transition with an estimated $550bn in investment required for a net zero. Also, the country is at the top in gold mining in Africa and sixth in the world. There are opportunities for value addition in the gold sector and investment in the processing of small-scale mines,” he said.
General Manager of Professional Services Mohammed Nyzam’s presentation on ‘Business Trends and Opportunities in Qatar’. The presentation underlined emerging opportunities in Qatar with a focus on the ongoing and proposed projects in multiple sectors.
Member of Parliament, Ghana, Habib Idris noted that his country’s doors are open to investors who are welcome to invest in multiple sectors.
He explained that Ghana is a premier destination for investors and the country’s economy is growing steadily with a stable political environment, economic strength, government initiatives and progressive economic policies that promote business and industries.
Industry expert John Nii Armah’s presentation ‘Regulatory Compliance and Corporate Governance’ highlighted the investment potential of Ghana. It focused on the procedures and technical requirements for company formation.
The BDM also marked a panel discussion of experts led by BDM vice president Thowfeeq Abdul Jabbar and Executive Director of the BDM Ahmed Jassim welcomed the gathering.
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