German Company Siemens to Set Up Base in Ghana

Photo Credit: Ghana Presidency

Enterprise Television- German Company Siemens to Set Up Base in Ghana

Ghana’s President Nana Akufo-Addo said that German conglomerate, Siemens AG which is the largest industrial manufacturing firm in Europe, will soon establish a presence in Ghana.

According to Akufo-Addo, he said “We are not resting on our oars. We will continue to work hard to attract investments, domestic and foreign, into Ghana, so that we can unleash the sense of enterprise, creativity and innovation of the Ghanaian people, and help build a progressive, prosperous Ghana, whose citizens live in harmony and security.”

Mr. Akufo-Addo said this when he delivered his remarks at the ongoing G-20 Compact with Africa Conference, being held in Berlin, in the Federal Republic of Germany, on Tuesday.

Siemen’s decision, together with that taken by German car manufacturing giant, Volkswagen, to establish an assembly plant in Ghana soon, President Akufo-Addo stressed are testament to the efforts Government has put into creating the necessary environment for the private sector to thrive.

Additionally, HL Hamburger Leistungsfutter GmbH, a leading manufacturer and supplier of specialist feeds and compound feeds in Germany, signed an 8 million Euro agreement to invest in Ghanaian company, Agricare Ltd.

The investment from HL Hamburger into Agricare comprises of full technology transfer in animal feed formulation and sales, and also help enable Agricare utilise more locally produced raw materials in the formulation of feeds.

While commending the German Chancellor, Angela Merkel, for convening the conference, the President noted that Ghana is delighted with Germany’s decision to re-orient its policy and relationship with Ghana, and indeed, with Africa, from one based on aid, to relations focused primarily on trade and investment co-operation.

He said “My Government’s vision of moving our country to a situation beyond aid, that is a ‘Ghana Beyond Aid’, is aligned to Germany’s Compact with Africa programme.

Under my leadership, we are determined to discard the mindset of dependence on aid, charity and handouts, and aim towards becoming self-reliant, within the context of strong global co-operation.”