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The President of the Republic of Ghana, Nana Akufo Addo has told the Black community in the US to take advantage of numerous investment opportunities existing in Ghana, as the country speeds up its efforts to revive the country and bring it back on its feet after COVID-19 pandemic ravaged it.
Nana Akufo Addo established that despite the threat Covid-19 posed, Ghana has weathered the storm and sent positive signals to the rest of the world.
“Last year, 2020, Ghana recorded FDI of US$2.65 billion from two hundred and seventy-nine (279) projects. For 2021 alone, the Ghana Investment Promotion Centre (GIPC) recorded FDI of nine hundred and seventy-three million dollars (US$973.38 million), from one hundred and seventy-three (173) projects for the first three quarters of the year, with large ticket projects in the pipeline to boost FDI flows by the close of year” he said.
Ghana, President Akufo-Addo stated in his address, was among the first countries, anywhere in the world, to put together a medium-term response strategy to address the impact of COVID-19 on the economy, and to outline an economic recovery, revitalisation, and transformation plan to build back better and stronger.
“We have identified the relevant sectors of the economy requiring the needed investment that will help accelerate the rebound and growth of the Ghanaian economy, as was witnessed in the immediate years before the pandemic struck, which saw, between 2017 and 2020, our average annual GDP growth rate of seven percent (7%) as one of the fastest in the world. We call the recovery package the Ghana CARES ‘Obaatampa’ Programme,” he said.
President Akufo-Addo told the gathering that the GH¢100 billion Programme, aimed at stabilising and revitalising the Ghanaian economy, has two phases, the Stabilisation Phase, which was implemented between July to December 2020; and the Revitalisation and Transformation Stage which is currently under implementation, and will end in 2023.
“We are focussing our energies on supporting commercial farming, and attracting educated youths into agriculture, building Ghana’s light manufacturing sector, fast-tracking efforts at digitisation, developing Ghana’s housing and construction industry, establishing Ghana as a Regional Hub, and strengthening the enablers of growth of our economy,” he said.
The President continued, “However, the most attractive and the greatest selling point of Ghana is and has always been her people, the Ghanaian people. The welcome that you find in Ghana, with all due respect to you at this gathering, is unique, and like none anywhere else.”
With President Akufo-Addo reassuring the investor community that Ghana remains a safe country, he reiterated his position that “Ghana is the safest country in West Africa. Our police and security agencies work hard to keep Ghana an open and happy place, where we are not embarrassed to see ourselves as each other’s keeper.”
Portion of text culled from 3News.
Source:NKONKONSA.com
