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Interview: Ghana's democratic credentials great impetus for investment

Xinhua, February 24, 2017 Adjust font size:

An expert in investment, Adu Anane-Antwi, has asserted that Ghana's solid democratic credentials is one major boost for its investment attraction.

In an exclusive interview with Xinhua this week, Anane-Antwi, former Director-General of the country's Securities Exchange Commission (SEC), said any investors who put money into Ghana would avoid the risk factors that surrounded some regions and countries.

"Because we are a democratic nation, political instability is not here as we change our governments through the ballot box. That is a plus that should attract people to come and invest in these areas," the expert said.

He added: "Foreign investors are trooping into Ghana basically because Ghana is a peaceful country. You have no fears putting your money in Ghana so that is a plus. You can also make good returns on your investment. Even if you take away the effects of currency depreciation, you will still be making good returns."

Anane-Antwi said that there were enough opportunities in the country for investors who wished to take the chance, stressing that as a developing country, Ghana needed some of these investments to develop.

He named housing, infrastructure, including road, bridges, and electricity generation, tourism, and transportation as areas with a lot of opportunities for investment in Ghana.

While in some advanced economies, investors get barely two percent or three percent in returns, Anane-Antwi observed that the situation in Ghana was far more beneficial.

"In Ghana, even if you make 25 percent and inflation takes let's say five percent or even 10 percent, you still return good 15 percent. So there is that opportunity that keeps on attracting people to this country. The returns are good," he asserted.

Anane-Antwi advised local entrepreneurs to take advantage of the capital market to raise capital and create businesses that could partner foreign investors to invest in the country.

David Nkrumah Amey-Abbey, Deputy Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), had earlier urged businesses to take advantage of the pensions funds to list on the Stock Exchange to be able to raise long-term capital for business development and expansion. Endit