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In: Economics

Describe the factors that make Ghana a competitive investment destination

Describe the factors that make Ghana a competitive investment destination

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Expert Solution

Following factors make Ghana an attractive destination for investors:

  1. Peaceful democratic governance
  2. Sound fiscal prudence (budgetory policy)
  3. Best judicial system in the world (World Justice Projects (WJP) Rule of Law Index 2017-2018)
  4. Oil sector rebound
  5. Ease of doing business:
  6. Skilled and trainable labour available in abundance
  7. Ranked best place for doing business in West Africa (Ease of Doing Business Report 2019)
  8. Most competitive economy in the West African sub region (World Economic Forum Global Competitiveness Index 2018)
  9. World class airports
  10. Home to one of West Africa’s largest ports
  11. Cheap labour: Ghana is one of the most competitive minimum wages in the West African sub region
  12. Ghana is second largest cocoa producer in the world
  13. It is Africa's biggest gold miner after South Africa.
  14. Ghana's credit rating is B – positive by Standard & Poor’s; B – stable by Fitch Ratings;  B3 - stable by Moody’s Investors Service

Rahul Sunny answered 1 year ago
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