Tuesday, September 07, 2010

Ghana, India CEOs share ideas

Posted on: www.dailyguideghana.com

By William Yaw Owusu

Tuesday September 7, 2010
The first-ever Ghana/India Chief Executive Officers (CEOs) meeting dubbed “CEOs Roundtable” was held in Accra on Friday with a call on both countries to work towards deepening bilateral ties for economic growth and accelerated development.

The meeting, which is expected to be an annual affair, was jointly organized by the Ministries of Commerce and Industry (India) and Trade and Industry (Ghana) in collaboration with the Confederation of Indian Industry and the Ghana Investment Promotion Center.

It seeks to bring CEOs together to strategise on how to effectively harness economic potential of the two countries.

In attendance were sector ministers of both countries, Anand Sharma and Hannah Tetteh for India and Ghana respectively, Alhaji Amadu Sorogho, Member of Parliament (MP) for Abokobi/Madina Constituency who is also the Chairman of the parliamentary select committee on Trade and Industry, Indian High Commissioner to Ghana, Ruchi Ghanashyam and a host of other top CEOs from India and Ghana.

Ms. Tetteh was elated that the investment relationship between Ghana and India was “growing from strength to strength,” saying “opportunities for formal interaction have been phenomenal.”

She said what the two countries need now was to create an ideal platform to sort out the procedural challenges.

“The economic dynamics are changing so we should take advantage of these initiatives and interact to create wealth for our people,” she said.

Ms. Tetteh also urged Indian businesses in the country to take advantage of the investment climate to help generate employment for the people, adding, “The investment promotion code is currently under review so use this opportunity to make your views heard.”

Mr. Sharma said putting together what he calls ‘creative minds’ would help to bring economic growth and accelerated development.

He said efforts towards creating opportunities, generating jobs and empowering the people should never be undermined adding “we should work towards breaking the barriers of poverty.”

He described Ghana as having “a very unique position and vast human resource” noting that “it has peace and tolerance and is looking at scaling new heights.”

Mr. Sharma said the 21st century had brought different kinds of challenges and it was the duty of leaders to ensure that economic growth benefits the people, stressing that “we should constantly make and implement policies that would bring hope to the people.”

He said India was committed to partnering Ghana to bring economic growth and accelerated development saying “the areas that we are engaged are so diverse so we should be able to create wealth.”

K.S. Aswathanarayana, CEO of Jaquar Overseas Limited and the Indian Mission leader, said the interaction between Indian and Ghanaian businesses would be strengthened to solve the unemployment problems in the two countries.

Mrs. Ghanashyam said “bringing us together to understand each other is the surest way to promote development.”

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