Finance Minister, Ken Ofori-Atta, says Ghana will continue with the great business environment to attract blue chip and multinational firms to grow the economy and create jobs.
The country already is a haven for giants such as Google, Twitter and automobile giants including Toyota and Volkswagen.
Speaking to CNN, Mr. Ofori-Atta said “if you look at the economy since 2017, I mean clearly, we went through the head wings and built quite a bit of resilience before the pandemic [Covid-19]. So, when Africa’s sort of first recession and contraction of about 2% occurred, we managed to achieve 0.4% growth.”
Furthermore, the Finance Minister said “and then the president [Akufo-Addo] employed us to put together a recovery package that we call it Ghana Cares Programme which is a ¢100 billion programme on accord of Gross Domestic Product, looking to revitalization of the economy and also the taking off smoothly of the Africa Continental Free Trade Agreetment; they’ve been here to create a regional hub”
“Twitter was able to come here because of these types of aggressive outward positions that we have. So, it’s really an issue of continuing over a great business environment where Google is here, manufacturing and assembling of VW and Toyota vehicles are happening here”, he added.
On the issue of Ghana being perceived of having a stable economy, the Finance Minister said the country has established a very enduring democratic environment which has brought stability to the economy.
He added that “the excitement really for us as a country is the demonstration that we are having and how we have tackled the Covid-19 problem; when it came in terms of the speed in which the president [Akufo-Addo] came out to state categorically that we do not know how to bring people back people to life, but we know how to fix the economy”.
Mr. Ofori-Atta also said AfCFTA is actually the next wave of independence for Ghana and the rest of Africa with regards to trade and investment.
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