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Ghana looks to investor-friendly reforms and digital transformation to drive post-pandemic recovery

BY: Graphic.com.gh

Oxford Business Group and Ghana Investment Promotion Centre  team up for a new Covid-19 Response Report


Ghana’s plans to overhaul its regulatory system and establish a one-stop shop for investors as part of broader efforts to boost FDI are explored in a new Covid-19 Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with the Ghana Investment Promotion Centre (GIPC).

The CRR charts the steps taken to enhance Ghana’s business environment by promoting transparency and accountability, which include the launch of an online delivery tracker documenting progress of the government’s infrastructure projects.

Other topical issues examined include the national push to improve food security and self-sufficiency, which have taken on added importance since the arrival of the virus and will be driven forward through large-scale agricultural modernisation efforts.

The Covid-19 Alleviation and Revitalisation of Enterprises Support (CARES) programme, an expansive, GHS100bn economic response and development plan, is another key focus of the report. Aspects of this wide-ranging, two-phased initiative analysed include the country’s plans to bolster the health care system, boost support for businesses, introduce a national unemployment insurance scheme and provide retraining initiatives.

Ghana’s infrastructure projects and the opportunities they present for investment are also given extensive coverage. Subscribers will find details of the many major initiatives in the pipeline, led by the six-phase Railway Master Plan, road developments, bridges, hospitals and homes.

The CRR includes interviews with high-profile personalities from across the public and private sectors, including Mahamudu Bawumia, Vice-President of Ghana. In the interview, Bawumia shares his thoughts on the economic sectors most in need of investment, the part that digital solutions will play in transforming Ghana and how the co