Economy

We will attract more FDIs despite covid – Yofi Grant

Chief Executive Officer of Ghana Investment Promotion Centre, Yofi Grant, is optimistic Ghana will attract more Foreign Direct Investments despite the second wave of covid-19.

According to him, the ‘Ghana Beyond Aid’ initiative has made Ghana a more attractive market for investments.

 Speaking to Nhyira Addo on Talking Business on Joy Prime, he said whilst companies are trying to recover from the Covid-19 pandemic, they will require resources in the process and thus Ghana and Africa has an attractive market for them.  

“The opportunities remain and many economies are having to retool and reboot. With the retooling and rebooting, they do require the resources, they do require some repositioning and looking at markets which are attractive, Ghana is one”.

“The African market, especially AfCFTA, has become much more attractive and Ghana with our Ghana Beyond Aid mantra and strategy has also become attractive as a destination for Foreign Direct Investments because we are looking for partnerships and linkages,” he explained.

He further said there are several partnerships and linkages foreign entities without present in Ghana can look for.

“I believe that going forward, the world will focus on partnerships and linkages and just not look inward. The African opportunity cannot be discounted. In fact it’s the only real opportunity remaining because Europe and America have been maxed out of returns. Africa offers attractive returns.”

Africa has a lot to offer in terms of value addition and raw materials and that requires quite a large number of investments,” he said.