Investors Must Respect Our Laws – Hannah Tetteh

Government says it will continue to encourage and welcome foreign investors into the country but they must be prepared to respect the governing laws of the country. “We’ll enforce our laws against anybody, that’s the best comfort you can have. Your rights, your investments are protected,” says Minister for Trade and Industries, Hannah Tetteh. Speaking at a business and networking event as part of the Africa premier spa and beauty trade exhibition and conference in Accra, the Minister said Ghana’s democratic credentials have made her one of the most vibrant countries on the African continent. She noted that the 2008 elections which saw a change of power from one party to another, further attests to the country’s readiness to take the path of democracy and economic growth. Talking widely and knowledgeably about the business climate in Ghana, Ms Tetteh advised the participants, mostly from the United States and South Africa, to take advantage of the current situation and tap into the existing potentials of the country. “We want you to invest and we’ll create the environment to do that,” she stated, adding that the country’s laws are working effectively and investors are assured that their businesses will be safe. She said even in situations where an investor feels cheated; he/she can take the matter up to the law courts and get judgement. Ms Tetteh was unhappy about continuous negative reportage and purported attempts by the western media to always classify a single conflict in Africa as being representative of the entire continent. She said despite the difficulties some African countries are going through, many including Ghana are doing well and seeking opportunities to grow their economies and improve the lives of their people. She also denied reports that government is not focusing attention on the growth of smaller businesses in the country, explaining that most of them have been frustrated because of the lending rates they are faced with.