Ghana’s Deputy Minister of Finance in charge of Revenue, Dr. Alex Ampaabeng, has reiterated the government’s unwavering commitment to creating a stable and inclusive environment that fosters prosperity for all businesses operating in the country. Speaking during the launch of the 21st Edition of the Ghana Club 100 Awards, Dr. Ampaabeng emphasized the government’s determination to create a conducive environment that attracts both local and foreign investors.
The government is dedicated to reviewing structures and administrative processes to ensure that the business community enjoys operating in Ghana. The ultimate goal is to make Ghana the destination of choice for investors and to ensure a continuous flow of Foreign Direct Investment (FDI) into the country.
To achieve this, the government is reviewing the Ghana Investment Promotion Act of 2013 and assessing the tax system, among other initiatives. Dr. Ampaabeng assured the business community of the government’s ongoing support, noting that current economic indicators are moving in the right direction.
He believes that continued public-private partnerships will lead to a swift and complete economic recovery. The Chief Executive of the Ghana Investment Promotion Centre, Yoofi Grant, also spoke at the event. He noted that although global FDI and FDI to Africa have been declining since 2022, Ghana remains distinct due to its political stability, optimism, and the availability of raw materials.
The Ghana Club 100 Awards aim to celebrate and recognize companies making remarkable strides in their respective sectors, contributing to economic growth. The event brought together business leaders and stakeholders to promote economic development and growth in Ghana.
Dr. Ampaabeng’s reassurance and the government’s initiatives aim to boost investor confidence and drive economic growth in Ghana. The country’s political stability, optimism, and availability of raw materials make it an attractive destination for investors. The government’s commitment to creating a conducive business environment is expected to lead to increased economic growth and development in the country.