Africa-Press – Ghana. The Liberian Government says it has created a safe and profitable investment climate for Ghanaian businesses and investors to succeed in Liberia, including repatriating 100 per cent of their profit.
Musu Jatu Rhule, the Liberian Ambassador to Ghana, Ellen Johnson Sirleaf, former President, and Joff Bliboo, Chairman, National Investment Commission were among the Liberian officials who gave the assurance on Thursday.
This was at the opening of a two-day investment conference on the theme: “Unlocking Liberia’s Investment Potential for Sustainable Economic Growth,” in Accra.
They championed stronger bilateral partnerships, noting that investment prospects for Ghanaians were in agriculture, education, telecommunications, real estate, energy, tourism, infrastructure, and the health sectors.
Mr Joff Bliboo, Chairman of Liberia’s National Investment Commission, said: “We’ve opened our doors to Ghanaians to come and invest in Liberia,” adding that the investment climate in the country was safe.
“We do have some problems every now and then, but there is political stability; we’ve had five successive elections… And we do not place any impediment on you in terms of repatriating your profit,” he said.
“We don’t have any laws that prohibit you from taking 100 per cent of your profit even in US Dollars. This is backed by our laws… and this is to always ensure that that we create a climate for investment promotion,” he added.
Mr Bliboo noted that just as Liberia could go to the US or Europe, it could also turn to Ghana for mutually beneficial bilateral investment to deepen Africa’s quest for economic development and sovereignty.
‘Liberia is a nation endowed with abundant material resources, youthful and impregnative pricing for permission, a great friend of a political spectator and a vital economic force,” Ambassador Rhule said.
She reiterated that Liberia had meaningful products, such as infrastructure, digital transformation, energy, agriculture, and a value-added workforce,” adding that those were the areas the country was passionate about in driving inclusive development.
She was confident the conference would engender engagements that would signal confidence in her country’s trajectory, providing mutual benefits for both countries.
Madam Johnson Sirleaf emphasised increased bilateral investment between Ghana and Liberia with replication among other African countries, saying; “we have to use our own endowment, capacity and creativity to forge ahead.”
The former President of Liberia encouraged a boost in private capital and investment and a shift from dependence on development aid, which was in fast decline.
“… We must invest in each other to achieve the goals of African Continental Free Trade AreaF” she said.
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