Audio By Carbonatix
Renowned economist Kwame Pianim has urged the Mills government to spell out priorities areas of development so investors can play along.
Mr Pianim who was speaking at the launch of an investment fund in Accra on Tuesday said it is important that the country conducts itself in a way that will boost investor confidence in the economy.
Finance Minister Kwabena Duffuor on March 5, 2009 told Parliament that streamlining the investment climate will be among government’s priorities for the year.
He mentioned that total investment outlays for 2008 amounted to some GH¢1,002.9 million (equivalent to 5.8 per cent of GDP) and about 34.5 per cent higher than the budget estimate of GH¢745.8 million.
Of this amount, expenditures directly tied to the proceeds from the sovereign bond issued on the international capital markets amounted to GH¢581.9 million, (equivalent to 3.4 per cent of GDP).
Although the budget statement misses out on the quantum of investment expected this year, government expects to record a major feat in foreign direct investments.
Mr Pianim however stressed that on the backs of the financial crisis, investors will be looking for the best areas to grow their money, which demands a good posture by the country to attract a favourable share of global investment.
Mr Pianim also said radio discussions that centre on trivialities and depict chaos should be discouraged.
The media has in recent times come under scathing criticisms for encouraging discussions that are punctuated with unsavoury comments.
Mr Pianim called for a more responsible media which places national development at the heart of its running philosophy.
Story by Fiifi Koomson
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Fireworks, faith, and flashlight vigils usher in 2026 across Ghana
18 minutes -
Mahama calls for prosperity, peace and progress in New Year Message
2 hours -
Côte d’Ivoire stun Gabon with last-minute 3–2 thriller to top Group F
3 hours -
Ho zongo community slams REGSEC over two-week mosque closure
4 hours -
AFCON Round of 16: Senegal, DR Congo win big to advance
4 hours -
Tema police foil armed robbery attempt at Afienya; Four suspects killed
5 hours -
Two dead, two in custody over fatal family land feud
5 hours -
Anthony Joshua discharged from hospital after fatal road crash
6 hours -
Trump media firm to issue new cryptocurrency to shareholders
6 hours -
Ebo Noah arrested over failed Christmas apocalypse and public panic
7 hours -
‘Ghana’s democracy must never be sacrificed for short-term politics’ – Bawumia
7 hours -
Bawumia congratulates Mahama but warns he “cannot afford to fail Ghanaians”
7 hours -
CICM backs BoG’s microfinance sector reform programme; New Year Debt Recovery School comes off January-February 2026
8 hours -
GIPC Boss urges diaspora to invest remittances into productive ventures
8 hours -
Cedi ends 2025 as 4th best performing currency in Africa
8 hours
