Meeting held at KATI with Ghana High Commissioner Eric Owusu Boateng. President KATI Faraz-ur-Rehman stressed to explore opportunities for industrialization in African markets.
President said that there is a vast potential of investment in the textile sector. In response, Ghana’s High Commissioner Mr. Eric Owusu committed to help the business community by allowing access to African markets. Eric also emphasized that Pakistani investors and industrialists could tap into African markets with the assistance of Ghana.
Further he added that the government of Ghana is committed to providing favorable policies and procedures for investment in the country’s textile sector. High Commissioner Eric Owusu announced that Ghana would offer various incentives, including tax benefits, to encourage the establishment of industries in the country.He further highlighted the availability of skilled and cost-effective labor in Ghana, which would further facilitate business ventures.
By setting up industries in Ghana, Pakistani industrialists can gain access to the massive African market comprising 1.4 billion people. Additionally, goods manufacturers through industrialization in Ghana will enjoy duty-free exports worldwide. In support of these initiatives, KATI President Faraz Ur Rehman affirmed that KATI would play a significant role in assisting the business community to access African markets. President KATI emphasized the importance of trade delegations and collaborations between Pakistan and Ghana to enhance bilateral trade.
President KATI also suggested organizing a dedicated exhibition between the two countries to showcase their respective industries. President KATI further proposed idea of exploring currency swaps and local currency trade between Ghana and Pakistan, considering the development of both nations. He also stressed to establish barter trade between the two countries.
Mr. lkhtiar Baig, President of Honorary Consular Corp. Sindh and Honorary Consul General Yemen, urged Pakistani industrialists and investors to leverage Ghana’s African policy, which includes advantages such as affordable land for setting up industries and tax concessions.
Deputy Patron-in-Chief of KATI Zubair Chhaya, highlighted the friendly relations between Ghana and Pakistan but expressed his concerns over the relatively low trade volume between the two nations. Mr. Chhaya also stressed the need to increase bilateral trade. During the ceremony, KATI President Faraz-ur-Rehman presented the shield to Ghana’s High Commissioner to Pakistan and Iran, Mr. Eric Owusu. Mr. Zubair Chhaya, Mr. Ikhtiar Baig, Ms. Nighat Awan are also present.
