Touting himself as the country’s number one salesman, Prime Minister Dr Keith Rowley said his trips to Ghana and India in the past two weeks were to cement a shift in the country’s economy.
Rowley addressed the media at the Piarco International Airport’s Conference Room upon his return and said it was imperative that the country diversify its economy away from oil and gas. He said his visits to Ghana and India were aimed at doing just that.
He said Ghana is an opportunity for the country to grow as the country has a population of 34 million and a gateway to another 200 million potential customers.
“There comes a time when you have to understand that there are limits within your own border especially if you are and have been a trading nation,” he said.
Rowley said the need for the people of Ghana to be introduced to T&T is important so that when business agreements are solidified there will be buy-in from the population of over 30 million.
He added that there is a contract to be signed that will impact businesses in both countries. He said five to ten per cent of the business there is larger than Caricom.
The Prime Minister said that Ghana Gas representatives are expected in the country next month to strengthen ties with this country. In March, Minister of Trade and Industry Paula Gopee-Scoon led a delegation of businessmen to Ghana. Earlier in his media briefing, Rowley said Republic Bank was doing well in Ghana having opened more branches there than in this country.
Regarding his trip to India, Rowley said discussions were had about this country’s refinery.
However, he is doubtful that the Jamnagar Refinery will be interested in purchasing it.
Jamnagar Refinery is owned by Reliance Industries. Rowley was invited to India by business mogul Mukesh Ambani, the owner of Reliance Industries to deepen discussion for the Reliance Group to construct a cricket academy in Trincity on lands once given to Pan Trinbago.
Asked about any discussion regarding the purchasing of the defunct Petrotrin Refinery, Rowley said it was mentioned that T&T owned a refinery but given the Jamnagar Refinery’s business model, he was doubtful.
“The key interest is not in the refinery, but they are investors, so we don’t know if they see an opportunity and want to put in a proposal, but there are others who have done that,” he said.
Rowley added that there are some proposals in hand to purchase the refinery which will have to be addressed by the end of the month.