Joint meeting of European Chambers of Commerce with EU Delegation

09-11-2018

Joint meeting of European Chambers of Commerce with EU Delegation

Last Wednesday GNBCC’s GM Tjalling Wiarda was present at a joint meeting with fellow European Chambers with the European Union delegation in Ghana. At the meeting, each Chamber could present the main challenges of their private Member companies in doing business in Ghana.  Although Ghana improved in this year’s World Bank report listing all countries of the World from place 120 to 114 there is still a long way ahead to get to Ghana’s ambition to become the number 1 investment destination of the African continent which is now held by Mauritius on place 20 followed by Rwanda on place 29.

By analysing the constraints to the Business environment in Ghana in general and for European investors specifically, the Government of Ghana can be informed and advised in their policies to reach their goal of becoming the number 1 in doing business on the African continent. Main topics were local content and local ownership (for instance in the petroleum and energy sector), challenges in the port with customs, the GIPC act which puts the threshold for potential investors high, selective application of laws etc. In his presentation, Mr. Wiarda checked off a number of challenges such as the issues with investors in the Freezone, taxation, and corruption. Also, he stressed the threat of smuggling and counterfeit products to the textiles industry.

GNBCC Members who want to know more or want to make the Chamber aware of their challenges, please do not hesitate to contact Tjalling Wiarda at tjalling@gnbcc.net    

GNBCC | News