Akufo-Addo woos global CEOs to invest in Ghana

President Akufo-Addo has urged the international business community to invest in the country.

He extended an invitation to the private sector, domestic and foreign, to take full advantage of business opportunities in infrastructural development, agriculture, industry, energy, health, communication, education, and water and sanitation.

He was optimistic that business in these areas would help Ghana achieve the United Nations Sustainable Development Goals (SDGs) while rewarding investors.

“Ghana is a prime, ripe destination for doing business. We are ranked as the most stable political environment in West Africa and the best place to do business in the Region,” President Akufo-Addo outlined reasons to invest in Ghana.

He also stated that the country had established strong democratic institutions and systems to ensure good governance and the rule of law.

Additionally, the country was blessed with an entrepreneurial and dynamic youth population, who are very technology savvy with innovative ideas.

President Akufo-Addo said the US$450 billion required from now to 2030 to realise the SDGs was a huge business and investment opportunity for the private sector.

In that regard, the need for enhanced government and private sector partnerships would help unlock innovative and sustainable financing avenues to bridge the SDGs financing gap.

On his part, President Akufo-Ado said he was determined to ensure that such productive partnership with the international business community came into fruition.

He said this when he launched the Ghana Financing Roadmap in Accra on Tuesday, June 15.

The Ghana Financing Roadmap, which was launched in the presence of global Chief Executive Officers (CEOs) from diverse sectors, was to augment the achievement of the 2030 United Nations SDG.

The President explained that a stronger, mutually beneficial partnership was needed because “It is the private sector, which generates the wealth that provides the means for our economic and social investments.”

By aligning the SDGs to the country’s development agenda, it would offer significant prospects for Ghana’s transformation and growth while contributing to the realisation of the SDGs.

“One thing that is clear is that the pandemic has not only heightened our challenges, but it has also created new ones and exacerbated the financing gap that we face in the implementation of the SDGs,” he said.

Therefore, it was prudent to consider the scope, scale, and quality of partnerships with the private sector and be smart and innovative in mobilising financing and private investments to support the implementation of the goals.

 

 

Meanwhile, the Ministry of Finance has prepared a catalogue of bankable SDGs initiatives.

The SDGs Investor Platform would also provide market intelligence on investment opportunities in the country and related data.