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Maltese businessmen are establishing a manufacturing facility in Ghana for $10 million

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Maltese businessmen are establishing a manufacturing facility in Ghana for $10 million.

Maltese businessmen will open a manufacturing factory in the construction industry in Ghana with an investment of some €10 million – one of many investments being carried out by Maltese in Ghana.

Trade Malta is assisting Maltese investors to do business in this country, which has a population of 32 million people in Western Africa. Apart from its natural resources, Ghana’s economy also depends on manufacturing, digital technology and construction, cars and shipping sectors.

30 Maltese companies in Ghana are offering job opportunities to Maltese and Ghanaian workers. Trade Malta chief executive Anton Buttigieg said that these commercial opportunities are the result of the thriving of relations between the two countries during the past five years. He added that contacts are being initiated with both government and commercial institutions so that Maltese companies and enterprises may invest in countries such as Ghana.

A number of Maltese companies are sending part of their staff in Ghana to resume work on these projects….however it is also important that we are creating job opportunities to Ghana citizens even in their country. This is an important point to stress because the Ghana government wants other countries to invest in its country and create job opportunities.

Anton Buttigieg

Mr Buttigieg added that Maltese investors are exploring business in various sectors, including manufacturing, health and pharmaceutical products. There is also interest in the training and education field, especially in informatics.

There are more opportunities in energy production, both the traditional one and also renewable energy. We are hosting a Ghana delegation who will explore and consider Malta’s success in vehicle parts. There are a number of international companies who are producing vehicles in Ghana…the delegation is considering the Maltese economic success to attract investment in this sector and to supply vehicle parts from this Mediterranean island.

Anton Buttigieg

Ghana’s deputy Minister for Trade and Industry Michael Okyere Baafi revealed with TVMnews that a Maltese factory has just reached agreement with his country’s authorities to start operating a material and chemical plant for the construction industry.

I even witnessed one last week, a relationship between a Maltese company and a Ghana company. About €10 million business deal. Very phenomenal. I see that this is going to open the way for a lot of partnerships in the future and that is why we have come back. We are looking and trying to do communication, building partnership not taking business away but having relationships, doing business together as one people.

Deputy Minister Micheal Okyere Baafi

Trade Malta is implementing a strategic plan to increase the potential for Maltese investors to do business or open companies in a number of African countries in the future.

See also  Absa Bank’s unique relationship with SMEs is winning in the marketplace

 

 

 

Source: Tvmnews.mt

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