$2bn Shama industrial park to be built

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Haruna Iddrisu, Minister of Trade and Industry
Haruna Iddrisu, Minister of Trade and Industry

Chinese firm,? Huasheng Jiangquan? Group, is indicated it will invest over $2 billion for the construction of an industrial park in? Shama in the Western Region.?

Speaking to Joy Business from China? after a meeting to conclude the agreement, Chairman of the Huasheng Jiangquan Group, Wang Ting Jiang??? said? the firm is doing this because of Ghana’s political stability.

Mr Jiang commended Ghana for the peaceful business atmosphere which, according to him, allows for investors to recoup their investments.

Plans to build an industrial park in Western Region is part of efforts to make Takoradi the second hub for industrial activates in Ghana apart from Tema.

Construction on the economic industrial? park? is expected to begin in June this year.

About 5,000 direct jobs are expected to be generated? from ?the construction of the park.

Trade Minister, Haruna? Idrissu, told Joy Business the move would open up the? Western Region for more investments especially in the area of infrastructure and port development.

The $2 million investment project according to the Minister will not a government loan or government guaranteed loan, adding that “they (Chinese investors) are coming in purely as an investor”.

“What they need from government is assurance of a facilitating role, which we have pledged will do”, he added

Source: Myjoyonline

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