President Nana Akufo Addo has hailed the growing number of French businesses in Ghana, vowing to ensure that the relevant institutions stand ready to protect the investments.

He disclosed that there are about 770 French projects in Ghana, adding he welcomes such investments and the importance of the security of such investments.

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He made the comments at an event in Accra to commission the construction of a new French Embassy in Accra.

"In may 2014, the Ghana-France Chamber of Commence was outdooored in Accra as one of the initiative of the economic development between our two countries," he said.

"Only last month in February, Air France commenced its flight between Paris and Accra. This brings to record a hundred and seventy French projects  in Ghana with services as the leading sector."

He added: "This growing number of French companies in Ghana is welcomed and I want to say that Ghana recognises the importance of the security of such investment  and will ensure that our relevant institution stand ready to protect it."

Touching on the role of France on the African continent, he praised France for its increased collaboration in security matters such as security exchange programmes and the training of 15,000 troops.

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"In recent times, Ghana and France have increased collaboration in security matters for the maintain of peace and security through technical exchanges with the military and police service," Akufo-Addo opined.

"France agreed to support the African Union, the development of its collective security system particularly the Africa standby force, the best financial support as well as offered to train 15,000 African troops for peacekeeping," he added.