Obuasi MCE woos Indian investors


The Municipal Chief Executive Officer of Obuasi, Elijah Adansi Bonnah, has called on Indian businesses and investors – through the Indian High Commission to Ghana – to invest in the Obuasi municipality. The Obuasi MCE made this appeal when the Indian High Commissioner to Ghana, Sugandh Rajaram, visited the Obuasi Rotary Club.

According to Elijah Adansi Bonnah, aside from Kumasi having a dense population, Obuasi is the strongest in terms of economy in the Ashanti Region for business opportunities because of the multinational giant mining company AngloGold Ashanti.

The MCE emphasised that AngloGold Ashanti (AGA) can now export 60% of the raw materials they produce and give Obuasi 40%: therefore, Obuasi needs investors with capital to invest in the 40% instead of going outside Ghana to buy gold.

The MCE further recounts that aside from the gold, the mining city has not been left out in the industrialisation drive that seeks to utilise raw materials because currently Obuasi is producing bolts and nuts; and this makes Obuasi have the potential to become a vibrant economy and need investors to invest in the raw materials.  Mr. Bonnah therefore remarked that Obuasi needs investors from India to add value to the raw materials.

“We need investors to come and rub shoulders with AGA; so if you are here for business and to build strong synergy, then let your people come to invest,” he said.

The Indian High Commissioner, Sugandh Rajaram, in response said he sees business opportunities in Obuasi and therefore will have discussions with local authorities for business exploration – and he is looking forward to engagement with stakeholders for civil corporate areas of cooperation in business and social development to help increase and improve the people’s livelihood. He believes there will be collaboration between the embassy and Rotary Club in future to provide support.

“The government of India is committed to creating strong bonds with Ghana and helping make impacts in the lives of Ghanaians with developmental assistance,” Sugandh Rajaram added.

He concluded that he will be happy to encourage businesses from India – particularly small and medium entrepreneurs who have strong technology – to come and establish business in Obuasi. The Indian High Commissioner to Ghana visited Obuasi under the auspices of the Obuasi Rotary Club to foster relationships in terms of business, and acquaint himself with activities of the club.

Leave a Reply