The American Chamber of Commerce (AMCHAM) Ghana has affirmed the commitment of the US business community to the promotion of trade and investment between Ghana and the United States of America (USA).
“With US foreign direct investment (FDI) in Ghana increasing to about US$13 billion as of 2014, we at the chamber say congratulations to the various US companies which have enhanced US-Ghana economic relations with their investments,” a statement from the chamber to commemorate the 240th Independence Day of the USA said.
It said the core mandate of the chamber was to advocate US businesses and by extension the promotion of FDIs in this country.
“It also creates the enabling environment in which Ghanaian and US businesses can thrive, promoting the spirit of free enterprise, creating opportunity and prosperity for our two countries,” the release said.
The chamber recalled a survey conducted by PwC, which said 40 per cent of our members, between 2004 and 2014, invested about US$12 billion in capital and operational expenditure.
The release said about US$1 billion was also paid in taxes, royalties and on corporate social responsibility over the 10-year period.
“These companies intend to spend about US$3.5 billion in the Ghanaian economy between 2015 and 2020 and they directly employ about 7,000 Ghanaians,” it said.
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