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Ghanaian Economy Provides Attractive Returns on Investment - Professor Kwaku Dando-Boafo

By Seidu Kpebu/GFM Radio

Ghana's High Commissioner to the United Kingdom, Professor Kwaku Danso-Boafo has assured prospective investors that the Ghanaian economy provides attractive returns on investment. He made this remark at the business forum with the Business Council for Africa held at the Ghana mission in London.

According to him, businesses already established and those intending to set-up in Ghana are assured of attractive returns on their investment: "I would like to take this opportunity to assure you that your efforts will not be in vain as the Ghanaian economy provides very attractive returns on investment".

He made references to the crisis in the global economy and the difficulties facing major economies such as the Euro Zone, US and Japan in their efforts to avoid recession and said "the pragmatic policies and programmes being pursued by our Government, the Ghanaian economy remains resilient and remains on its growth trajectory with very positive macro-economic indicators".

Professor Boafo stated that the government is making efforts to create a vibrant economy that supports private sector investments: "Government remains steadfast in maintaining macro-economic stability, pursuing transparency and accountability in economic management as well as promoting good governance, as part of the overall effort to create a vibrant economy that is supportive of private sector investment."

He also assured participants that government will inplement a "comprehensive infrastructure development programme which is aimed at reducing the cost of doing business and enhancing national competitiveness."

The Chairman of the Economic Advisory Council to the President and non-executive Chairman of Ghana Investment Promotion Cnetre (GIPC), Dr. Ishmael Yamson, who made presentation at the forum, advised prospective investors in Ghana to deal directly with the GIPC to ensure the security of their investment.

He said the GIPC exists to answer all questions and concerns of businesses and those wishing to do business in Ghana. He took participants through investment opportunities in Ghana in areas such as e-eduction, housing, tourism, services, oil, gas and infrastructural development.

Dr. Yamson called on investors to follow the right channels to register or do business in Ghana. He said the danger in trying to avoid the right channels and to use short-cuts to do business is that, investors tend to deal with charlatans and fraudsters.

Dr Yamson called on Ghanaian professionals living abroad to return home to help build the country. According to him, Ghana has provided an enormous human resource for many countries in the world and it is about time these professional returned home to take up the opportunities available now to help develop the country.

Other resource persons who addressed the forum include; Mr Nana Ampofo, Partner at Songhai and Advisory LLP, a business consultantcy specialising in African frontier markets; Steve Cameron: Marine Director, RTI Forensics; Bambo Onigbanjo, Director, Platinum Integrations who deliver support for businesses trading with Ghana as well as Nigeria.