Business News Fri, 29 Nov 2002

Ghana Africa's #1 Investment Destination - Chalker

An Adviser to the Commonwealth Business Council (CBC), Baroness Lynda Chalker has described Ghana as the best investment destination following government’s renewed commitment to good governance and development of the private sector. Ghana, according to her is also the most stable, peaceful, secure and most reliable place to do business in Africa today.

"These factors make Ghana the best investment destination one can imagine at this moment. It is the best candidate," Baroness Chalker told the Ghana News Agency in an interview.

Baroness Chalker was commenting on Ghana(quote)s potential as a competitor in attracting foreign direct investment and her ability to sustain foreign inflows at the end of the Commonwealth-Ghana Investment Conference in Accra.

The conference was organized by the government of Ghana in association with the CBC and Ghana Investment Promotion Centre. Baroness Chalker expressed optimism that the government would sustain its strict fiscal and monetary policies aimed at transforming the economy. She said Ghana has shown that she has what it takes to attract the needed investment to make the economy and lives of millions of Ghanaians worthwhile.

The conference, attended by over 350 participants from Europe, Africa and Ghana, is the fourth to be held this year by CBC, after Mozambique, Tanzania and Nigeria.

Source: GNA