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Mauritius’ Board of investment to set foot in Ghana soon to facilitate investments

14 Aug, 2015

Mauritius ‘Board of Investment (BoI) is set to open an office in Ghana to facilitate all investment projects the island country hopes to undertake in Ghana, with a Mauritian delegation currently in Accra to discuss how Mauritian investors can contribute to the development of Ghana’s economy.

A Mauritian delegation is currently in Accra to discuss how Mauritian investors can contribute to the development of Ghana’s economy.

This follows the decision by the Board of investment (BoI), taken last year, to open an office in Ghana after a technical mission undertaken by the Mauritian investment agency that was led by the country’s Vice Prime Minister to Ghana at the invitation of President Mahama in May 2014.

During the deliberations, the Ghana Investment Promotion centre was tasked by the President to engage with the Mauritius investment team.

There were discussions between the GIPC and the Mauritius investment team on the Technology Park project at Tema Free Zone.

A technical team representing the Mauritius Ministry of Finance and Economic Development will hold discussions with the Bank of Ghana and the Finance Ministry on how Mauritian investors can contribute to the development of Ghana’s economy.

Thus, the BoI will soon have a permanent presence in Ghana. A delegation of the body is at present in Accra within the framework of the bilateral partnership between Mauritius and theWest African economy.

The new office is expected to facilitate Mauritian investment projects in this West African country situated at the edge of the Gulf of Guinea. The initiative was taken last year, following a technical mission of the BoI in Ghana, managed by deputy Prime Minister Xavier-Luc Duval. President John Mahama had asked the Ghana Investment Promotion Center to establish a partnership with its Mauritian counterpart to boost economic relations between both countries.
The BoI delegation will undertake negotiations with representatives of the Central Bank of Ghana and the Ministry of Finance. The discussions will centre around the Technological Park project inthe Tema Free Zone. This one will host, among others, the ICTS Centre, an Indo-Ghanaian project responsible for producing human resources of a capacity that is necessary for the growth of the ICTS industry in Ghana and the widerSub-Saharan African region. It will also be an incubator where new private enterprises can settle down.

Occupying a 22 hectare area, the Tema park will be provided with all the necessary IT and communication infrastructure. The Mauritian know-how and expertise in terms of building Cyberparks will be transferred to it.

The Mauritian delegation is led by BoI Chairman Gérard Sanspeur, accompanied by high officials of this organisation as well as top-ranked officials from the Ministries of Finance and Foreign Affairs, among others.

From 24 till 26 August of this year, the country will welcome a Ghanaian delegation led by President Mahama, aimed at strengthening bilateral economic relations.