President Akufo-Addo has expressed government’s commitment to improve the business environment to grow firms and improve the livelihood of Ghanaians.
According to him, this is in line with the realisation of the “Ghana Beyond Aid” agenda.
Speaking at the maiden edition of ‘Spark Up’, an investment summit organised by the Ghana Investment Promotion Centre and the Ministry of Information, the President said his government has put in place adequate measures to enhance the business environment.
“Government since 2017 has put in place measures needed to reduce the cost of doing business, improve the business environment and make the Ghanaian economy one of the friendliest in Africa. But also one of the fastest growing economies in the world between 2017 and 2020, averaging 7% GDP growth rate, up from the 3.4% we inherited in 2016,” he said.
The Ghana Investment Promotion Centre also disclosed that it has targeted $3 billion of Foreign Direct Investments in six areas. They include agriculture, infrastructure, industry and education.
Speaking to Joy Business, Chief Executive of GIPC, Yofi Grant said, “this year, we’re targeting $3 billion of foreign direct investments. We’ve been talking about reforms for a while and the most important thing to ensure smooth implementation is to remove barriers. One of the barriers we have constantly come across is minimum capital requirements.”
Meanwhile, US’ Ambassador to Ghana, Stephanie Sullivan, has reiterated her country’s commitment to maintain trade ties with Ghana.
According to her, the ‘Spark-Up’ project is a good initiative to help investors get update about the Ghanaian investment environment.
Latest Stories
- Dogboe v Ramirez – Dogboe’ s trainer chasing history
3 mins - Donald Trump indictment: Ex-US president to be charged over hush money
7 mins - WMO retires deadly cyclone Fiona and Ian from list of names
3 hours - 5 member committee investigating Kejetia Market fire starts with fact-finding mission
3 hours - UBA Ghana holds first quarter ‘Jogging To Bond’
3 hours - Playback: PM Express discuss how to restore capital market after DDEP
3 hours - Kuami Eugene offers budding musicians tips for Joy Prime’s ‘Cues & Lyrics’ audition
3 hours - Mercy Chinwo threatens musician with ₦2bn lawsuit after he used her name in song
3 hours - Mastercard Foundation Health Collaborative allocates $1 million for prospective entrepreneurs
3 hours - We’ll pay outstanding debt despite inheriting it – Electrochem
3 hours - Lawyer for Jonathan Majors shares alleged texts from woman involved in actor’s assault arrest
4 hours - Inaki is not scoring for Ghana because he plays with a No.10 who loves to score – Ignatius Osei Fosu
4 hours - Desist from gifting out cedi bouquets, hampers; it is illegal – BoG warns
4 hours - Pass outstanding revenue bills – Youth in Accountable Governance to Parliament
4 hours - Joint Paper by KAIPTC researchers wins global prize
5 hours