In view of the steady economic progress being chalked coupled with the cordial business environment in the country, American companies are finding Ghana a safe haven to invest
In an interview the Graphic Business in Accra, the US Ambassador to Ghana,
“I think we will see more investments in the mining sector. The oil industry has attracted huge US investments and they continue to do so,” he said.
According to him, Exxon Mobil, one of the largest companies in the world, has entered into
In the franchise sector,
Much as these franchise companies may be small, he did not downplay their value when it comes to providing employment.
According to him, “relatively small stores, individually or collectively, generate a number of jobs and the fact that they are growing shows that these franchises are popular and affordable for Ghanaians, as well as lay the ground for more franchises to open and to succeed in this economy”.
Against these positives,
Future of economy
On the economy, the US
His comment on the economy comes on the back of the positive strides the country is making as per the
For instance, the Breton-Wood Institution, in its latest review of the economy, said Ghana’s economic growth prospects were positive, while its macroeconomic
The IMF said the government’s vigorous engagements at strengthening the resilience of the financial sector, among other areas, were also positive.
It further noted: “Macroeconomic
“Investor confidence has improved as indicated by a successful issuance of the Eurobond in May 2018. Inflation has subsided to below 10
“The government’s commitment to
For instance, the government is targeting to raise total revenue of GH¢51 billion, spend GH¢62 billion and have a deficit of 4.5
Ghana beyond aid
On Ghana Beyond Aid as the President has proclaimed,
“Ghana Beyond Aid
“That’s what Ghana Beyond Aid means to me and I think that vision, while it may not be
“It’s got the will and if the President and the people can channel that will, I believe this country can really be the black star of Africa that everyone wants,” he added.