Mrs. Mus Jatu Ruhr, Liberian Ambassador to Ghana, has urged international institutions to invest in the Liberian economy as the country’s political and economic stability is an attractive factor for global investment.
She said that private sector investment is a major sector that is open to government cooperation, so investors should use these terms to maximize returns.
In a speech at the opening ceremony of the Liberian Investment Conference in Accra, Mrs. Ruhr, whose theme was “unlocking the potential for investment in Liberia for sustainable economic growth,” emphasized the Liberian economy offering great opportunities for agriculture, infrastructure, renewable energy, transportation and digital transformation.
She said Liberia is one of the countries that offers a favorable economic environment for potential investors, and has natural resources, including gold and diamonds, with potential investments.
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Mrs. Ruhr said the country has also made meaningful advances in areas such as infrastructure development, digital transformation, energy, agriculture and value-added manufacturing.
She explained that these advancements are part of the national development agenda aimed at fostering inclusive growth as the business establishment process was digitalized with fewer challenges.
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“We are deeply encouraged by the presence of such diverse and prominent groups of participants from around the world, as well as government, industry, finance, development and innovation leaders who have attracted a common interest in Liberia’s dynamic investment environment and aging population.
Liberia is a country with a wealth of natural resources, youthful competition, and a brain-stricken political and micro-economic reform,” Mrs. Ruhr said.
Daniel O. Sand, deputy minister of the Liberia press, said he stressed that there is potential investment in wildlife, coastal and marine tourism, and that these subsectors of the tourism industry are undeveloped.
He said the country is seeking cooperation with the private sector through local or foreign investment to unlock these possibilities, and stressed that Liberia is open for business as it witnessed a peaceful and successful election.
“Our country is blessed with so many natural beauty and can develop a tourism industry that welcomes the world to Liberia as a top tourist destination. We are ready to promote investments in growth and prosperity,” he said.
Liberian Commerce Minister Magdalene Ellen Dagosse said the ministry is working with Technocrats to ensure that young people are trained more in their ability to make the economy more prosperous.
