Ghana’s FDI to exceed $1billion by end of this year – Yofi Grant

Ghana’s Foreign Direct Investment (FDI) is expected to exceed one billion dollars, Mr Yofi Grant, the Chief Executive Officer of the Ghana’s Investment Promotion Centre (GIPC) has said.

He explained that although countries around the world are now looking inwardly to develop their economies following the outbreak of the coronavirus pandemic, Ghana’s FDI remains attractive.

He told Alfred Ocansey on the Business Focus programme on TV3 Monday December 14 that “Our FDI numbers had gone above a billion US dollars which compared to some of our peers in Africa is considerably attractive.”

Mr Grant added “As you all know, at the beginning of the pandemic in mid-stream somewhere March and April the World Bank predicted that global FDI figures were going to fall by  some forty per cent and  if we didn’t get rid of Covid before the end of the year, for many countries that was ringing the alarm bells of  shrinkage in Foreign Direct  Investment.

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“But having said that we also recognize that over the  past few years, Foreign Direct Investment , globally has been dropping  on the back of a lot of countries now looking inwardly , a lot of the political distractions that  are going on around the world , the Brexit, the United States, China .

“But it has been very instructive for us that we have been able to hold our own  and our Foreign Direct Investment figures for this year will definitely be above the a billion dollars, this surpasses what we did last year.”

By Laud Nartey|3news.com|Ghana