Ghana woos investors at IMF/World Bank meetings
Ghana’s Finance Minister Ken Ofori Atta has told investors they will have value for their money if they channel their investment into the West African country.
Speaking at the annual IMF/World Bank meetings ongoing in Washington D.C, USA, Mr. Ofori Atta pointed out the new administration under President Nana Addo Dankwa Akufo-Addo is creating a congenial business atmosphere for investors to do business.
“We have created a pretty positive environment,” Mr. Ofori Atta stressed.
“The spirit for people to do things differently is manifesting and it’s clear. At least on the international level, rating bodies have upgraded us. The commitment of the team and from the President in terms of moving Ghana beyond aid is something that we are not compromising on,” the Finance Minister added.
Mr. Ofori Atta averred it is the president’s vision to develop a country which will lead in projecting the private sector as the engine of growth in Africa.
“We feel very deeply that Ghana can be that pillar of stability which will then push the private sector to be the hub for Africa. We are looking at equity hence the launch of the Free SHS system. There is a real energized spirit there. We are going to empower teachers,” he promised.
For his part, the senior minister Mr. Osafo Marfo rapped investors to make Ghana their prime destination. He asserted the government is about reviving 75 companies under the One District, One Factory policy.
“Many Ghanaian companies in production have gone into difficulties because the economy itself was not working well and we want to use this window to bring up some of these factories and already we have identified 75 of such companies who must be aided,”
According to him, one of the main areas investors could focus on is to add value to Ghana’s raw materials.
“We need to add value to our raw materials. Investors are welcomed to add value to our raw materials and we believe in development by the window of the private sector. We want to give room to the private sector to operate freely and employment can best be created through the window of the private sector,” Mr. Marfo opined.
The annual IMF/World Bank meetings are a platform to engage global finance and development agencies to secure commitment and support for a country’s economic and development agenda. Ghana’s recent participation in similar international events have brought benefits such as inclusion in the G20 compact which will provide 120 Million Euro for the country.
The team is expected to return to Ghana by October 18, 2017.