Deputy Finance Minister, Thomas Ampem Nyarko, has called for a critical evaluation of Ghana’s investment climate, emphasising the need to go beyond the country’s well-regarded democratic credentials.
Speaking on the OXFAM Tax Dialogue on Channel One TV on the topic “The Tax Implication of the 2025 Budget,” he highlighted that while Ghana’s stable political environment has made it a preferred destination for foreign investors, other underlying factors are deterring the much-needed investments.
“We as a country have not fully leveraged on good democratic credentials. A lot of foreign investors prefer Ghana because of our stable political environment but someway somehow other factors are driving investors away,” Nyarko stated.
He stressed the importance of identifying and addressing these barriers, urging stakeholders to engage in meaningful discussions to pinpoint what Ghana might be “not doing right.”
The Deputy Finance Minister’s remarks come at a time when Ghana is seeking to bolster its economic growth through increased foreign direct investment.
His comments underscore the need for a holistic approach to creating a more attractive investment environment, one that complements the nation’s democratic stability with robust economic and infrastructural reforms.
Source: citinewsroom.com