[ 2016-09-27 ]

Ghanaians afraid to invest in ‘bad economy’ – Nana Addo
The Flagbearer of the opposition New Patriotic
Party (NPP), Nana Akufo Addo, has said a lot of
Ghanaian and foreign investors are afraid to
invest in Ghana because of what he describes as
the unfriendly business environment.

“We don’t have good policies that will attract
money into the economy, that will bring
investments into Ghana. Ghanaians who have money
today, they are hiding it because business
environment is not good for them,” Nana Addo
said.

Speaking to chiefs in the Greater Accra Region,
Nana Addo said the situation has contributed to
the ballooning unemployment figures in the
country.

Nana Addo therefore appealed to Ghanaians to
“bring their money out” to create the enabling
environment for businesses to flourish.

“We want them to bring their money out. We want
foreigners to bring their money into Ghana so that
we can create jobs and get this economy moving
again. This is where we stand. NPP is a business
party.”

Investors freezing investment into Ghana

In April 2016, some foreign investors abandoned
their investment plans for Ghana over what they
described as lazy attitude by some workers in both
the private and public institutions.

The Minister of Trade and Industry, Dr. Ekow Spio
Gabrah ,who confirmed the development to Citi
Business News said the lack of urgency among
workers is turning away investors and making Ghana
lose trade opportunities.

“Entrepreneurship development requires an
environment that makes people profitable. We are
talking about profit as a major development of
entrepreneurs and this requires policies that
provide for an enabling environment that is
supportive of entrepreneurs.

“But unfortunately in this country, most of the
public and civil servants have not run any
business before, not even managed a pay roll where
they are paying 5 to 10 or 15 people a month and
so they are very insensitive to many needs of
business and entrepreneurs where time is money,”
he said.

Source - citifmonline.com

... go Back