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June 3, 2020
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Land Litigation Driving Away Investors –Turkish Ambassador

The Turkish Ambassador to Ghana, Dr Ozlen Ergun Ulureen, has stated that the stressful process of acquiring lands couple with multiple litigations in the country is driving away some investors from Turkey and other parts of the world.

According to her, investors from Turkey might stay away from investing in Ghana because they don’t want to acquire lands for only to be taken to court over rights of ownership.

Dr Ergun Ulureen. made this observation when she paid a familiarization visit to Ghana’s parliament to interact with the Members of the Ghana-Turkey Friendship Association on Tuesday, July 9, 2019.

She bemoaned of the stressful manner investors go through to acquire lands, adding that measures must be put in place to provide a favourable environment for investors in order to create jobs for the unemployed youth,

she stated, “Turkey businesses want to ensure that the money they invest will not go to waste, but the issue of acquiring land is a big problem. Turkey businesses will not want to go through litigations, one land claim by many people as owners.”

Nevertheless, Dr Ulureen said, aside from their numerous investments in the country, the Turkish government is looking forward to increasing its bilateral trade with Ghana to $1 billion with a special interest in the Tourism and Agriculture sector.

Responding to some investment opportunities pointed out by members of the Ghana-Turkey Friendship Association, Turkish Ambassador said, Turkish are determined to be development partners with Ghana and believe that the two nations could reach these targets for the benefits of both.

Ghana and Turkey have enjoyed a close relationship since Independence in which there have been bilateral visits of presidents of the two countries to each other’s country.
Ghana opened an Embassy in Turkey in the second half of the 1960s although it was closed and reopened 2009.

This, the Ambassador disclosed the Turkish construction companies have invested more than $500,000 in Ghana so far and that what they have achieved so far proves that they will be able to be development partners to push forward the development efforts of Ghana in line with its development policies.

She said Turkish companies like Karpower and others are making lots of strides in the energy sector, as well as other projects in the country by the Turkey government,  are either completed or yet to be completed.
Dr Ulureen however, expressed the readiness of the Turkish government and businesses to invest in the country, adding that Turkish investors see Ghana as a country with a lot of potentials, especially in the West African sub-region.

Turkish Ambassador address MPs

Hon Sulemana Yusif, Member of Parliament for Bole/Bamboi, who presented the opportunities abound in Ghana which includes good roads, an average population growth suitable for the labour force, agriculture, among others.

He said, with such enormous opportunities, Turkey has the chance of investing in the automobile industry, consumers and home appliance, Shipbuilding, oil and petrochemicals, engineering and others.

Hon. Andrew Dari Chiwity invited the Turkish ambassador and her government to explore in the Cashew and Shea industry which is becoming one of Ghana’s net exporting commodities.
According to him, investing in the Shea and the Cashew into would not only improve on its acceptable standard trade but also create job opportunities for the people of both nations.
Samuel Abdulai Jabayete, MP for Chereponi invited the Turkey Embassy to explore much on agriculture as it formed about 46 per cent of the country employment sector.
The Ghana-Turkey Friendship Association is being chaired by Sualihu Dandaawa Alhassan, MP for Karaga, assured that Ghana and Turkey would continue to explore for more investment opportunities to improve upon the long-standing relationship.

Source: therepublicnewsonline.com/Felix Nyaaba

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