Ghana’s Economic Plan Post Elections

On the top of the president’s agenda is implementing the $17 billion program to boost growth in Ghana’s economy. His win is one that is welcomed by the investment community in Ghana. In August this year, President Akufo-Addo ushered in the opening of the African Continental Free Trade Area (AfCFTA) secretariat in Accra, a pioneering project by the African Union’s Agenda 2063 that will create $3 trillion of GDP.  “The country has demonstrated the confidence it has in President Nana Akufo-Addo by voting him to stay in office. This confidence is also demonstrated by the business community who clearly are excited about the opportunities that the CFTA will bring particularly with a Ghana Beyond Aid agenda. Ghana through exemplary leadership has shown resilience and robustness in the face of the pandemic and recovery has accelerated. By end of the third quarter, FDI had climbed up to over a billion dollars through projects in mining, energy and manufacturing. And this is instructive of the confidence of investors in the Ghana story. Aggressive reforms will continue to ensure a very competitive investor and business climate. All in all, continuity and sustainability in the good Ghana story, satisfactory control of the pandemic, a robust economic recovery and revitalization plan will do well for Ghana going forward,” says Yofi Grant, CEO of the Ghana Investment Promotion Centre.

SOURCE: FORBES AFRICA