Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has disagreed with assertions that government’s slim majority in parliament will affect investment attraction to the country.
Credit rating agency, Moody’s Investor Services, in its post-election report on Ghana, stated that a diminished parliamentary majority will complicate fiscal and economic reform prospects for Ghana.
“A weakened government mandate resulting from a diminished parliamentary majority will further complicate fiscal and economic reform prospects for Ghana,” said Moody’s.
The assertions follow expectations of members of the opposition National Democratic Congress (NDC) in parliament to resist introduction of new economic reforms by the ruling government, in this case, policies which have to do with giving incentives to foreigners to attract investments into the country.
But addressing the issue in an interview monitored by norvanreports, Mr Grant who holds a different view, noted that investors in the first place do not look at incentives to invest in a country, but rather look out for stability and ease of doing business in the country, areas in which Ghana has done considerably well.
Adding that, investors are still ready and prepared to invest in Ghana given the confidence they have in President Akufo-Addo on the back of the numerous economic reforms implemented to drive the growth of the economy.