Cedecom House
Cedecom House

The Central Regional Development Commission (CEDECOM), a development arm of the Region is repositioning the Region as the preferred investments destination in Ghana.

In collaboration with the Regional Coordinating Council (RCC), and House of Chiefs, preparation has commenced in earnest towards hosting a novel Regional Investments Conference (RIC) to unveil its investment potentials to the world.

That, it believed would be the key to untying the age-old poverty tag to accelerate development through its three-prime focus of industrialisation, entrepreneurship and investments promotion (IEI).

Dr Kojo Mensah-Abrampa, Board Chairman of the Commission disclosed this at a media briefing on and assured that the initiative would create jobs and improve the socio-economic wellbeing of the populace.

The four-day investments Conference was slated for Monday, May 27th to Thursday, 30 May 2019, at the plush Coconut Grove Beach Resort in Elmina on the theme “positioning the Central Region as a preferred Investments Destination.

Among others, the engagement will offer bigger opportunity to market the various Metropolitan Municipal and District Assemblies (MMDAs) investment potentials and associated generous scope of attracting local and foreign investments.

The investors would be exposed to the various government policies, incentives and local initiatives available for investing with accurate and timely information, and legal frameworks for prospective investors to take advantage of.

Dr Mensah-Abrampa, said “the current position of the Region as the fourth poorest in Ghana is debatable and undeserving of a Region that could lead the pace of development in Ghana” and stressed the urgent need for a paradigm shift to reverse the trend.

“This is even more unacceptable when it is clear that the Region has a comparative and competitive advantage in terms of resources namely; pineapple, fish, salt, oil palm, arable lands, tourism, education and the most peaceful in Ghana.”

The Board Chairman was excited that the Commission’s new focus was in tandem with Government’s vision as it had commenced processes to facilitate the economic emancipation of the Region to ameliorate the plights of the people.

He applauded the Regional Parliamentary Caucus, Ministry of Trade and Industry, RCC, and the traditional authorities for their immediate support.

Mr Spencer Taylor, Acting Executive Director of the Commission touted the Region as the most peaceful, hassle-free investment destination with conducive business environment and packages for investors to explore and expand.

“We assure prospective investors of the board’s readiness to assist them, particularly when Ghana is being acknowledged as the new frontier for trade and investment due to its peace, stability and rule of law.

“If you are searching for new investment destinations, consider Ghana and the Central Region. We are ready to assist you in expanding your businesses to a new location,” he urged investors.
He called for support and commitment of the people to help reverse the wallowing trend of poverty and under-development.

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