Asenso-Boakye Urges Turkish Investors To Capitalize On Opportunities In Ghana | Business News

Ghana’s Minister for Roads and Highways, Francis Asenso-Boakye, has called on Turkish investors to prioritize Ghana as their top investment destination. Speaking at the 11th World Cooperation Industries (WCI) Forum under the theme, “Invest in Africa, Invest in the Future,” he highlighted Ghana’s immense potential for growth and strategic partnerships, particularly focusing on Ghana’s thriving infrastructure sector.

Asenso-Boakye emphasized the critical role of infrastructure, especially roads and highways, as the foundation for economic development. He specifically spotlighted the 957km Abidjan-Lagos Corridor Project, which spans five West African countries—Côte d’Ivoire, Ghana, Togo, Benin, and Nigeria. With over 50% of the highway passing through Ghana, he indicated that the project offers vast investment opportunities in manufacturing, tourism, technology and logistics.

“The Abidjan-Lagos Highway is more than just a road—it’s a catalyst for economic growth across the ECOWAS region. I therefore strongly urge Turkish investors to seize the opportunity to participate in this transformative project, which promises significant returns and enhances regional integration,” Asenso-Boakye stated.

He also championed Public-Private Partnerships (PPPs) as a key avenue for investment, citing Ghana’s pioneering PPP in the expansion of the Accra-Tema Motorway as an example of the country’s commitment to infrastructure modernization. Asenso-Boakye encouraged investors to explore smart road technologies and green infrastructure, underscoring Ghana’s focus on sustainable development.

During his visit, Mr. Asenso-Boakye also participated in the International Road Federation (IRF) World Congress 2024 in Istanbul, where he addressed a High-Level Ministerial Meeting on behalf of the government and people of Ghana. This year’s congress, themed “Connecting to Empower Mobility: Roads as Enablers of a Sustainable Future,” facilitated productive discussions on overcoming challenges and exploring innovative solutions in the roads and transportation sectors.

In his address, Asenso-Boakye underscored Ghana’s significant progress in road infrastructure development, which has improved connectivity, reduced travel times, and enhanced access to essential services. These advancements, he noted, have been pivotal in reducing poverty, raising incomes, and expanding access to healthcare and education.

On the sidelines of the IRF World Congress and the WCI Forum, Asenso-Boakye held bilateral discussions with Türkiye’s Minister for Transport and Infrastructure, Abdulkadir Uraloğlu, and Minister for Trade, Ömer Bolat. Their talks focused on promoting trade and economic cooperation, particularly in the construction sector, and positioning Ghana as the gateway to Africa.

Source: King Edward Ambrose Washman/Peacefmonline.com

 

 

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Featured Video