Business News of 2014-01-08

‘Election petition slowed the economy in 2013’

Stakeholders in the business sector said several areas of the Ghanaian economy did not perform too well in the past year due to the eight-month election petition.

Mr Edward Asare, an investor, told the Ghana News Agency on Tuesday that investors could not invest properly in the economy because of the court case.

He said there was the fear that investors would lose their investment if the economy did not perform well.

Mr Asare said this notwithstanding, challenges and uncertainties in the global economy had also partially affected the economy.

He said looking at how the election petition was resolved, investor confidence in the country is currently very high with a lot of indicators for a better 2014.

Mr Emmanuel Boateng, a Banker, said transactions in the banking sector were slow, indicating that most clients were reluctant to do business while the election petition was on-going.

He expressed the hope that now that the court case was over, more investors would be willing to invest in Ghana to grow and develop the economy.

Source: GNA
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