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Business News of Wednesday, 12 March 2025

    

Source: www.ghanawebbers.com

Ghana is open for business: A new dawn for investment and economic prosperity – GIPC CEO

Simon Madjie, Acting CEO, Ghana Investment Promotion Centre (GIPC) Simon Madjie, Acting CEO, Ghana Investment Promotion Centre (GIPC)

Ghana is at a pivotal stage in its economic transformation, driven by renewed leadership and a commitment to fostering a business-friendly environment. The government is prioritizing economic recovery, infrastructure development, and regulatory reforms to attract both local and foreign investors.

However, past economic challenges, including currency depreciation, inflation, high taxes, costly credit, and power outages, have driven some investors out of the country, leading to job losses and slower growth.

Additionally, bureaucratic inefficiencies, overlapping regulations, and corruption continue to hinder investment. Despite these challenges, Ghana is positioning itself as a premier investment destination in Africa, aiming to restore investor confidence through policy reforms and strategic interventions to enhance economic stability and business growth.