Officials from eight companies across industries in Ghana have arrived in the United States where they are expected to explore that country’s market to find areas of interest and make the necessary investment connections.
The officials of the industries are in Washington D.C to participate in the SelectUSA Investment Summit, which connects global companies and U.S. economic development organizations (EDOs).
The event is taking place between June 18 and 20, 2017.
This is the first time any country from Africa is participating in the summit.
The eight Ghanaian companies are interested in investing in the United States.
A statement from the Public Affairs Directorate of the US Embassy in Accra, quoted the US Secretary of Commerce, Wilbur Ross, as saying “We are entering a new period of economic revival in the United States.
“This is an exciting time for global companies to explore the U.S. market and find partners that can help them create a footprint, expand operations, and achieve growth. There is no better place to make those connections than this Summit,” Ross added.
Senior Commercial Officer at the U.S. Embassy, Tyrena Holley, said “we are thrilled to welcome these eight Ghanaian companies to the Summit and to the United States. As the nation’s premier foreign direct investment event, the Summit brings business opportunities and resources from across the United States together in a single place, enabling participants to complete weeks of work in fewer than three days.”
The United States is currently home to more foreign direct investment (FDI) than any other country in the world, with a total stock of $3.1 trillion at the end of 2015.
Ghana has not yet been a major source of FDI in the United States; however, Ghanaians have recently invested in business and real estate projects and financial institutions. The Summit seeks to attract even more Ghanaian investment to the United States.
To date, representatives from 51 U.S. states and territories and more than 65 international markets have registered for the 2017 Investment Summit.
Past Summit participants announced $20.6 billion of new investment projects in the United States from 2014 to 2016.
