Govt Will Ensure Win-Win Situation For All Investors

Alhaji Inusah Fuseini, the Minister for Lands and Natural Resources has emphasized that the competitive fiscal regime and investor friendly climate offered by Ghana is intended primarily at ensuring a win-win situation for both investors and government. The Minister intimated that government, under its medium term development agenda, recognizes the pivotal role played by the private sector in the socio-economic transformation of the country and would continue to make efforts at all levels to deepen its partnership with the investor community and stressed that �no foreign company will be expropriated or nationalized by the government of Ghana. Hon. Inusah Fuseini gave the assurance when a six-member delegation from Turkey-based Koza Mining Company, led by Zafer Kara, General Manager, paid a courtesy call on him. The company, which has a diverse investment portfolio, is currently on a three-day tour of the country to explore investment opportunities particularly in the media, mining and energy sector. The team was accompanied by Alex Tumasi, Investment Promotion Officer, Marketing & Public Affairs Unit of the Ghana Investment Promotion Centre Welcoming the delegation to the country, Hon. Inusah Fuseini hailed significant strides made in Ghana�Turkey bilateral relations in recent times which culminated in the exchange of visits between President John Mahama and Prime Minister Recep Tayyip Erdagan and the establishment of diplomatic missions in both countries. �Ghana recognizes Turkey as a key development ally especially in view of its strategic location at the cross roads between Asia and Europe and so we welcome your interest in investing in Ghana as an important step towards cementing the thriving relations between our two countries,� said the Lands and Natural Resources Minister. Hon Inusah Fuseini therefore assured the delegation that he would do all in his power to facilitate and help the company �to ensure that you do not encounter any stumbling blocks in your bid to set up in the mining sector in Ghana� On the investor�s concerns that the mining sector was saturated, Hon Inusah Fuseini assured the delegation that the Ministry was working fervently to free up space in the mining sector for investors interested in the sector to secure concessions. In the interim, he advised the Turkish company to explore alternate arrangements such as joint ventureship with established companies. In pursuit of government policy of reducing over-reliance on gold production, the Hon Minister advised the company to consider exploitation of base metals and other lesser known industrial minerals and encouraged the company to replicate its world-acclaimed corporate social responsibility programmes in communities they operate in Ghana. Mr. Kara offered sincere appreciation to the Hon Minister for the warm reception accorded the delegation and indicated that Koza Company was not only interested in exploiting minerals but committed to adding value to the minerals. He said the company will engage communities they invest in with a view to rolling out appropriate corporate social responsibility programmes to improve living standards in such communities.