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Business News of Friday, 22 February 2019


‘Your homeland should be the best place to do business – Yoofi Grant tells Ghanaians in Diaspora

Players in the diasporan business community have been asked to take advantage of Ghana’s stable socioeconomic and competitive environment by partnering their Ghanaian counterparts to establish multinational companies which can profit Africa’s consumers.

At a business meeting held by American Chamber of Commerce today, February 22, 2019 in Accra, government officials and stakeholders ‘charged’ the ‘black’ community to help grow their country’s economy by taking advantage of the numerous industrialization programmes introduced by government.

The ‘talks’ began with an overview of the economic developments, highlighting the outlook of the global economy and its prospects for the Ghanaian economy.

Chief Executive Officer for Ghana Investment and Promotion Center, Mr Yoofi Grant indicated that the key macroeconomic indicators are trending in the right direction hence the need for Ghanaians living in other parts of the world to grasp the opportunity and contribute to nation building.

He mentioned further, that government’s ambition to build a buoyant economy is hinged on Agriculture, thereby advocating that the country should move away from exporting raw materials, which when processed, breeds more value and profit.

‘’ Ghana should be the best place to do business in the medium term. We can’t build a solid economy by exporting our raw materials. We should move away from exporting our cocoa beans. The most we make is 15 billion. Let’s get into the processing so that we take a big chunk of that 120 billion in the chocolate industry. We want to move away from the Guggisberg economy’’ he asserted

Mr Grant continued that the economy of Ghana is expected to record a real Gross Domestic Product (GDP) growth of 7.6% with the oil sector expected to drive its growth.

President for Ghana International Chamber of Commerce, Matilda Arhin also expressed optimism about the restoration of confidence in the economy through developmental policies and programmes outlined by the government.

She added that her outfit would continue to attract, assist, and maintain investments in Ghana in order to achieve a rising economy.

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