Liberia open for business — Foreign Affairs Minister woos Ghanaian investors
Liberia’s Minister of Foreign Affairs, Sara Frances Beysolow Nyanti, has said that her country has opened its doors to potential businesses seeking to invest in Liberia.
She has, therefore, called on Ghanaian investors, particularly from the private sector, to invest in Liberia’s economy.
Addressing a diverse audience of global leaders from government, industry, finance and innovation at the inaugural investment conference of Liberia in Accra yesterday, she said Liberia’s government had put in place robust laws to protect foreign investment, ensuring a seamless business environment for investors on the continent.
“We are here to tell the private sector in Ghana that Liberia is open for business. Liberia is working hard to create an enabling environment for your resources.
The President's agenda attests to that because it's important for your investments, for you to be feel safe and for you to be assured that your investments will not be lost,” she said, calling on African countries to trade more among themselves for economic stability.
Conference
The two-day event, which is being organised by the Ministry of Foreign Affairs in collaboration with the Embassy of Liberia in Ghana, is on the theme: “Unlocking Liberia’s Investment Potential for Sustainable Economic Growth.”
The conference brought together investors, government officials, entrepreneurs and development partners to explore emerging business opportunities and strengthen bilateral economic ties between Liberia and Ghana.
It provided an opportunity to showcase Liberia’s key growth sectors, including agriculture, tourism, telecommunications, energy and infrastructure, and position the country as a dynamic and open destination for regional and international investment.
It features investment-focused panel discussions with top government and industry leaders; sector-specific presentations and breakout sessions; a Liberia–Ghana trade and culture expo, and networking and B2B matchmaking opportunities.
Ties
The Liberian Ambassador to Ghana, Musu Jatu Ruhle, said the conference was aimed at attracting regional investors and foster economic ties between Liberia and Ghana.
She added that her country had made progress in various sectors, including infrastructure, digital transformation, energy and agriculture.
These advancements, she said, aligned with the country’s national development agenda, which prioritised inclusive growth for all.
Incentives
The Technical Focal Point Commissioner General Office of the Liberian Revenue Authority, Paul Hinneh, said the country had put in place measures for foreign businesses to benefit from local incentives and protect their investments.
As a result, he said to benefit from Liberia’s incentives, a business would be required to have a minimum of $500,000 to benefit while those looking for longer concessions spanning 25 to 30 years would be required to have $10 million.
“We use our tax laws in Liberia to protect investors through special rates, long-term contracts and concessions.
“These legal measures ensure that agreements are binding and protected from political instability or law changes, providing stability for investors.
The intention is to attract and secure foreign investment by demonstrating legal safeguards for business operations,” he added.