Tourism Federation woos diaspora investors to Ghana

The Ghana Tourism Federation (GHATOF) is actively seeking to attract investment from the Ghanaian diaspora, particularly African Americans interested in business opportunities and establishing stronger ties with the country. To facilitate this, GHATOF has convened a gathering of diaspora investors, government agencies, and private-sector players to equip potential investors with necessary information and contacts for sound investment decisions.

GHATOF President Seth Okran expressed the organization's intention to broaden tourism promotion beyond leisure and sightseeing, positioning it as a gateway to investment in various sectors such as agriculture, real estate, affordable housing, hospitality, and others.

During a professional business and cultural summit organized by GHATOF in collaboration with a U.S. business delegation under the direction of the non-governmental organization SHE International Empowerment Global Summit, GHATOF President Seth Okran highlighted that the U.S. delegation, led by Dr. Cheryl Polote Williamson, consisted of American women eager to explore investment opportunities in Ghana.

Dr. Williamson noted that these women required reliable information on areas like investment, real estate, citizenship, and other aspects of relocating or doing business in the country. She expressed optimism that the delegation would quickly explore investment opportunities and forge partnerships with local institutions following their favorable response to the discussions.

The Office of the President's Deputy Director for Diaspora Affairs, Nana Kyere Agyeman, explained a special pathway for individuals of African descent to acquire Ghanaian citizenship. This pathway is facilitated through an annual petition submitted to the President, who, upon approval, directs relevant institutions to commence the citizenship process.

Applicants must demonstrate their connection to Ghana through visits, business or philanthropic activities, property ownership, or other contributions. They must also submit police reports from their countries of origin and Ghana. Additionally, the government is introducing an orientation component in the citizenship process to familiarize new citizens with Ghanaian culture, the political system, and what it means to become part of the Ghanaian society.

Ghana Investment Promotion Authority (GIPA) Investment Promotion Officer Cherk Klutse encouraged foreign investors to register their companies with the Office of the Registrar of Companies and GIPA to obtain information on incentives and regulatory requirements. He also urged diaspora investors to engage directly with GIPA to ensure informed decision-making before committing their funds.

Lastly, the National Commission on Culture (NCC) Executive Director Wakefield Ackuaku encouraged visitors to appreciate Ghana's cultural experiences while advising caution when purchasing traditional art and other cultural products. He advised patronizing reputable art houses and insisting on receipts for items purchased to ensure authenticity and provide evidence of transactions.