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.
“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