Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has disclosed that the free SHS policy will reposition the country as a major supplier of labour.
According to him, Ghana is “logistically well placed” for investors to consider it as a conducive place for investments.
He made these remarks at the ongoing ‘Spark 2021: Maximizing Ghana’s Investment Potential’.
Highlighting some of the reasons people will consider Ghana as an attractive destination for investors, Mr Grant noted that over the years the country has shown great prospects in catching the eye of investors.
“We have a human capital advantage on the continent and recent policy of the free senior high school will reposition Ghana as a major supplier of labour. And by also equipping our young people to be able to take on the challenge of an economy in transition”.
Yofi Grant
Mr Grant further extolled the leadership of Ghana, which according to him, is repositioning itself to spearhead the leadership of the African continent.
“We also have better trade and logistics infrastructure and quite recently the Tema port has been expanded to be potentially the largest port in Africa to be able to do 3.7million TEUs of cargo. We are very well-positioned to negotiate many contracts and we have many contracts signed… with many of our partners”.
Yofi Grant
Democratic governance key to investment
Mr Grant explained that the peaceful economic and political climate of the country endears it to investors across the world. He explained that Ghana’s ability to remain steadfast during the pandemic has also bolstered its economic growth.
Mr Grant also indicated that Ghana is equally positioned at a “favorable geographical location” to facilitate easy access to the world.
“We have an enviable democratic governance and political stability which is key for every investor and we have demonstrated that. We have been able to develop a strong and resilient economy and for three years, Ghana’s economy grew at an average rate of 7%. One of the leading economic growths on the world, not just the continent.
“Ghana and South Korea have been pointed out as the two countries that have shown great preparedness in managing the COVID pandemic”.
Yofi Grant
Ease of doing business
Touching on the devastation caused by the pandemic, GIPC boss revealed that it caused a “major disruption of trade and business globally”.
By implication, supply chains got cut and countries had to implement quarantines that “actually disrupted businesses”.
However, the country more importantly is seeking to find new avenues in improving the ease of doing business.
“We have had significant reforms both at the trade level and at the investment level to ensure that as we go into the future, Ghana becomes one of the best places to do business. That has led to a very enabling and competitive business environment; one which we are very proud of.
“But these endowments could not have put us where we are without the instructive and firm leadership of His Excellency, the President, who has declared that Ghana should be the best place to do business on the continent”.
Yofi Grant
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