The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant has highlighted Ghana’s strategic positioning in attracting foreign investments despite the current global economic challenges.
Speaking on JoyNews’ PM Express, Mr Grant noted that while various countries continue to grapple with the lingering effects of the Covid-19 pandemic and political disruptions in various regions, these trying times present unique opportunities for Ghana and Africa as a whole.
“There are challenges globally. I don’t think the world recovered fully from the pandemic and then suddenly political disruptions and turmoil across various regions have amplified some of the problems that countries have, and therefore these are truly trying times,” he told host George Wiafe on Thursday.
He highlighted the fact that these challenges have created a complex economic landscape. However, the CEO also underlined the potential for growth and investment in these circumstances, stating, “But for me, I see trying times as an opportunity for us for various reasons.”
He noted that after the pandemic and the Russian-Ukrainian conflict, many countries are seeking new opportunities and new places to operate.
While acknowledging these global changes, Mr Grant noted that it has opened up emerging opportunities for Africa, particularly Ghana. He mentioned that the country has strategically positioned itself as a preferred destination for investors, thanks to its consistent efforts in creating a conducive business environment.
Ghana has made significant strides in terms of political stability, infrastructure development, and pro-business policies, making it an attractive hub for foreign investments.
“Ghana has positioned itself as a spearhead of African Economic Emancipation and Empowerment in a very creditable way,”He said the country is committed to providing a business-friendly climate, emphasising the importance of collaborations and partnerships between the public and private sectors to drive economic growth and development.