The Executive Director of the Policy Initiative for Economic Development, Dr. Daniel Amateye Anim, has described the sacking of Minister of State at the Ministry of Finance, Charles Adu Boahen, as a good move that will rebuild confidence among investors seeking to do business in Ghana.

Dr. Amateye Anim is of the view that the directive by President Akufo-Addo will show investors that government will not over burden them with demand for bribes before facilitating processes to do business in Ghana.

President Nana Akufo-Addo terminated the appointment of Charles Adu Boahen, with immediate effect.

In a statement from the Presidency, the Director of Communications, Eugene Arhin, said, the president gave the directive after being made aware of allegations levelled against the Minister in a yet to be shown documentary named ‘Galamsey Economy’.

In the said documentary by investigative journalist, Anas Aremeyaw Anas, Mr Adu Boahen is said to have told undercover investigators that Vice President, Dr Mahamudu Bawumia needs just $200,000 token as an appearance fee before meeting with supposed investors.

Speaking to Joy Business on the issue, Dr. Amateye Anim said the sacking will boost the confidence of investors coming to Ghana to do business.

“Most multinationals and investors are very mindful and they are not too comfortable with the fact that anytime they want to do business in this part of our world they have to pay so much money ,illegal fee, bribery”.

“So now that there’s this demonstration, determination or commitment from government by virtue of the fact that Charles Adu Boahen has been sacked for bribery allegations, it could send a positive signal to investors out there that we are ready to ensure that we do not allow such conducts in our government structure or by extension in our economy,” he added.

Dr. Amateye Anim stressed that the dismissal will serve as a positive signal, reassuring investors that government is ready to protect the interest of people seeking to invest in Ghana and not rather extort money from investors.

He stated that Ghana currently has a bad image among international investors who are afraid of losing their monies through corruption in Ghana.

“So, it is a step in a right direction and not only with him, but we expect more from his excellency in that particular direction so that we could earn that credibility in the eyes of the international business community. And that Ghana will become an investment destination for any investors in the world”.