Despite the current global economic challenges, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has emphasized Ghana’s strategic positioning in attracting foreign investments.
Speaking on JoyNews’ PM Express, Mr. Grant pointed out that although many nations are still dealing with the aftermath of the Covid-19 pandemic and political unrest in different parts of the continent, Ghana and Africa as a whole are able to take advantage of these difficult times.
“There are challenges globally. I don’t think the world recovered fully from the pandemic and then suddenly political disruptions and turmoil across various regions have amplified some of the problems that countries have, and therefore these are truly trying times,” he told host George Wiafe on Thursday.
He emphasized how these difficulties have made the economic environment more complicated.
However, the CEO also underlined the potential for growth and investment in these circumstances, stating, “But for me, I see trying times as an opportunity for us for various reasons.”
He pointed out that in the wake of the pandemic and the Russian-Ukrainian conflict, numerous nations are actively exploring fresh possibilities and new locations for their operations.
Recognizing these global shifts, Mr. Grant highlighted that this has created new prospects for Africa, with Ghana standing out as a particularly promising choice. He emphasized that Ghana has purposefully positioned itself as a preferred destination for investors, owing to its continuous endeavors in establishing a welcoming business environment.
Ghana has made substantial progress in terms of political stability, infrastructure development, and business-friendly policies, rendering it an appealing hub for foreign investments.
“Ghana has positioned itself as a spearhead of African Economic Emancipation and Empowerment in a very creditable way,”
He expressed the nation’s dedication to fostering a business-friendly environment and underscored the significance of fostering collaborations and partnerships between the public and private sectors to propel economic growth and development.