Prime News Ghana

Ghana Rated High on US Investors’ Destination List

By Sam Edem
Ghana's Trade and Industry Minister - Mr. Alan
Ghana's Trade and Industry Minister - Mr. Alan
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At least since the announcement of the announcement of the cross-sectorial tax cuts during the 2017 budget presentation as well as the administration’s economic development agenda, Ghana’s ratings as an investors’ destination has been on the rise.

Whether it be verbally from a visiting British, Turkish, Singaporean or Chinese business delegation -often led by trade ministers of those countries or leading investment moguls, Ghana has enjoyed an endless outpour of goodwill from the investment community across the globe.

Now on a more documented basis, the US Chamber of commerce rated the country as one of the four most US-investors friendly countries.

The US business organization made this known in its first edition of the Investor Confidence Indicator for Africa (ICIFA) publication which rated Ghana 59.4% in aggregate performance.

The new publication which will be released annually is aimed at providing investors keys details they would require to ascertain whether or not they can positively influence the policies of a country in a way that will boost the healthy growth or expansion of their businesses, while at the same time enhancing the economic development of such nation.

Commenting on the objectives of the maiden ICIFA publication, the President of the US-Africa Business Centre, Scott Eisner, stated that: “the Investor Confidence Indicator for Africa can be a useful tool for government and industry leaders alike as they make policy and investment decisions that drive economic growth across the [African continent] continent [as well as] the United States”.

He further asserted that,” The factors that foster good government and a strong society are the same that create a positive investment climate for businesses”.

In reacting to the development, Ghana’s Trade and Industry Minister – Mr. Alan Kyerematen, encouraged the US investors to embrace windows of business opportunities offered by the Ghanaian economy as well as the investment-friendly policies of the President Nana Akufo – Addo led administration.

Further highlighting the government’s commitment in this regards, the Minister said: "Our goal is to make Ghana the best place to do business on the continent and in that light, we have taken bold regulatory reforms to improve the ease of doing business”.

The ICIFA allocates an overall score to every country based on their individual performance in 12 bellwether international evaluations that borders on security, development and good governance: values which form the core of the rule of law, free society as well as a strong and thriving business environment.