ACCRA — Ghanaian President Nana Addo Dankwa Akufo-Addo hs called on investors and business leaders from Britain to participate in the “extraordinary and unlimited investment opportunities” in Ghana, which he describes as the ideal place in West African and in Africa to invest and conduct business.
Ghana is a haven of peace, security and stability, a country where the principles of democratic accountability are now firmly entrenched in its body politic, and where the separation of powers is real, to promote accountable governance, he said in his keynote address at the 2nd United Kingdom-Ghana Investment Summit, organised by the UK-Ghana Chamber of Commerce here Tuesday.
The President, who is in London to attending the week-long 25th Commonwealth Heads of Government Meeting (CHOGM), said his government was keen to establish a business-friendly economy to attract foreign direct investment (FDI) to exploit Ghana’s great potential on mutually satisfactory terms.
We want to participate in the global market place, not on the basis of the exports of raw materials, but on the basis of things we make, he said, adding; We want to bring greater dignity to the lives of millions of people in Ghana. We want to build a Ghana Beyond Aid.
I believe very strongly that Ghana is on the cusp of a new, bold beginning, which will repudiate the recent culture of failure.
The President stated firmly that the private sector’s role in the development of Ghana’s economy was crucial; it is the very essence of our economic philosophy, and has been so for 70 odd years.
He related how his administration, over the past 15 months, had instituted the required actions to ease the cost of doing business and improve the business environment in Ghana.
These measures, he said, had resulted in macro-economic stability, reduction in inflation and the abolition of nuisance taxes, aimed at shifting the focus of the economy from taxation to production as well as reigning in fiscal deficit from 9.5 per cent of GDP to 5.6 per cent at the end of the 2017 fiscal year.
Source: NAM NEWS NETWORK