Ghana ranked 4th best for Investment in Africa

Ghana has emerged fourth of the foreign direct investment league table, among the top 10 countries in Africa, according to a report by RMB Global Markets Research.

The West African nation, according to the report, beat other countries on the continent such as Kenya, Nigeria, Tanzania, Cote d’ Ivoire and Algeria.

Also, Ghana was ranked fourth as the country to have attracted the highest amount of Foreign Direct Investment (FDI) in 2015 beating only Morocco in the top five category of recipients of FDI’s.

This was highlighted by a researcher at RMB Global Markets Research, Ms Celeste Fouconnier during the 2nd edition of the Economic Business Breakfast meeting hosted by the First National Bank in Accra last Thursday.

“It must be noted that Ghana is still enjoying a lot of goodwill among investors out there” Fouconnier told Ghanaians, adding “This is what the country has to leverage to be able to fix the challenges to position itself to attract more FDIs to help accelerate growth of the economy.”

The period under review also saw Africa attracting $54 billion in FDIs, representing a 3.1 per cent of the world total FDIs, Ms Fouconnier added.

According to the report, Accra also beat cities such as Lagos, Abuja, Addis Ababa, Luanda, Kigali among others to rank as the number one for the African Economic Growth hotspots.