Ghana is now haven for investments – Akufo-Addo to investors

President Nana Akufo-Addo says his government has put in place reforms, over the last five months aimed at attracting private investment, domestic and foreign, into the country.

He cited reforms involving fiscal responsibility and discipline, addressing corruption and unresponsive bureaucracies, focusing on the productive sectors of the economy, and improving the business environment,
Ghana with these reforms, according to President Akufo-Addo, “is a land of opportunity for private capital.”

More importantly, he added, “Ghana is ‘Open for Business’, and has taken it upon herself to build a business-friendly economy that will enable her get to the stage where the opportunities that are available will help her build an optimistic, self-confident and prosperous nation. Beyond Aid.”
President Akufo-Addo made this known on Tuesday, June 13, 2017, when he delivered a speech on the theme “Ghana, A Rising Star of Africa”, at an event organised by the Konrad Adenauer Foundation, in Berlin, Germany.
Describing corruption as “the bane of our nation’s progress”, President Akufo-Addo reiterated that “we will establish this year, by Act of Parliament, an Office of Special Prosecutor, who, independently of the Executive and with a statutorily provided security of tenure, will have the responsibility to investigate and prosecute acts of corruption, free from predictable claims of witch-hunting.”

Words, he stressed, “can no longer defeat the canker of corruption. Concrete actions must. Public service is just that, public service, not an avenue for personal enrichment.”
President Akufo-Addo stated that there are certain tangible changes his administration aims to have in place by the end of its first year in office.

“You will discover that Ghana will be an easier place to conduct business: all transactions at our ports will be paperless, and we shall remove all internal custom barriers by the beginning of September,” he said.

The President continued, “As part of the process of formalising the economy, we will implement a digital property addressing system for Ghana this year, and also issue biometric national identification cards to residents this year, so that every resident will have a unique identification number.”