President Mahama touts ‘massive’ investment in last 4 years

President John Mahama has said the biggest investment in the Ghanaian economy has occurred over the last four years, adding that it is an indication that Ghana is rising.

Speaking at the launch of the Accra Digital Centre in Accra, he said notable among the investments is the seven billion dollars ENI Sankofa project.

Th Sankofa project, he said, will further open up the oil and gas sector and create jobs in addition to the 5,000 Ghanaians employed in that value chain.

He also disclosed that about 69 companies have registered and set up in Ghana in the last four years under the Free Zones Board.
“These companies have invested a total of over $1 billion in our economy and currently employs almost 25,000 [people] right here in Ghana,” he said.
He said a new tile company set up under Free Zones Board is ready for commissioning in the Western region and will employ close to 1,500 Ghanaians.

The factory will produce about 40 million square feet of tiles every year thereby saving Ghana a lot of foreign exchange use to import tiles for the building industry, he said.

President Mahama further said, “government will work assiduously to establish new factories and revamp old ones.”

In recognition of the role the private sector plays in job creation, the president disclosed that GHC400 million have been invested in the private companies and organisations under the Export Development and Agriculture Investment Fund and the Skilled Development Fund.

This, he said, has led to the creation of thousands of more jobs.