Wednesday, January 19, 2022

Guyana removing all obstacles for massive private sector investments with Ghana

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Guyana’s President, Dr. Irfaan Ali on Monday said the removal of ‘red tapes’ and hindrances to bolster private sector investment opportunities between the country and West African Nation, Ghana is key to successful collaborations and partnerships.

He was at the time, addressing a contingent from Ghana led by the country’s Vice President Dr. Mahamudu Bawumia and private sector representatives during a meeting at the Arthur Chung Conference Centre (ACCC) on the outskirts of Georgetown.

The President was keen to note that both Guyana and Ghana’s private sectors are key engines to help strengthen bilateral relations between the two nations.

And it is for that reason officials from both countries have been working to integrate the two private sectors, seen as critical in finding common ground where mutual opportunities can be examined, and joint strategies can be built.

“…and that is why red tapes and bureaucracy will be removed from the process of reaching business opportunities,” President Ali related.

Taking it a step further, the Head of State said too that the “systems of government” will be accessible to the private sectors of both countries, citing that there is no need for “interlocutors.”

“This is your opportunity in the two private sectors to have direct and meaningful engagements and advancement of the opportunities you seek to push,” the Guyana Head of State added.

The President pointed out that while the government is responsible for creating the polices and the environment conducive for business development and investment, it is the private sector that will execute the activities.

As such he urged the private sectors of both nations to “make good use of the opportunity that exist on both sides.”

“It is not only about an opportunity that exists in Guyana or opportunities that exist in Ghana; it is how we combine the power of the opportunity to become a dynamic and major player, and this is the level of engagement and thinking we want at the private sector.”

Vice President Bawumia echoed President Ali sentiments, adding that the recent upsurge in economic growth in both countries may allow respective private sectors to enhance commercial pursuits.

And further, the Ghanaian VP urged Guyana’s private sector to waste no time on the business opportunities for investment present in Ghana.

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