Fitch Solutions, research arm of Fitch Ratings, has said it expects investor sentiments towards Ghana to stabilise following the expected but albeit narrow, victory of President Akufo-Addo in the just ended 2020 elections.
According to Fitch Solutions, the adoption of a Private Public Partnership (PPP) law, currently awaiting approval by the incumbent government and parliament, will decrease policy risks for private investors, particularly in Ghana’s infrastructure sector.
Fitch also noted that, in the medium-to-long-term, the adoption of the PPP law will contribute to investor confidence by reducing legal risks.
“Furthermore, our risk outlook for infrastructure investments is tipped to the upside, as the country’s long-term economic risk score exceeds its short-term economic risk score – an agreeable outlook for PPPs’ long-term attractiveness,” said Fitch.
President Akufo-Addo secured a second term to govern Ghana after he was declared winner of the 2020 presidential election on Wednesday, December 9, 2020 by the Electoral Commissioner, Jean Mensa.
He won the presidential race with total votes of 6,730,413, representing 51.59 per cent of total votes cast.
His opponent, former President John Dramani Mahama polled 6,214,889 votes being 47.36 per cent of total votes cast.
