Business News of Thu, 10 May 20185
Bawumia woos Nigerian investors
Vice-President Dr Mahamudu Bawumia has urged the Nigerian business community to take advantage of the relative economic stability in Ghana to do business at ease.
Although Ghana and Nigeria have been trading in various goods and services for the past 50 years, there has not been any formal agreement between the two countries.
Speaking at the opening of the Ghangeria Rising Conference in Accra on Thursday, 10 May 2018, Dr Bawumia entreated Nigerian investors to invest in government’s social intervention programmes.
He said: “Here in Ghana under the leadership of His Excellency the president, Nana Addo Dankwa Akufo-Addo, we have an unshaken believe and faith in our private sector and have since taking office in January 2017 initiated many policies and projects aimed at improving the business environment and offering direct support for businesses to thrive.
“We have as our main goal in ‘Moving Ghana Beyond Aid’. This goal therefore is to make Ghana the most business-friendly economy in Africa and we’ve been working at this very strongly over the last year and that is why you see major macroeconomic stability taking whole in Ghana.
“We have reduced the fiscal deficit from 9.3percent that we inherited to six percent. Inflation has come down from over 15percent to single digit. Interest rates are on a decline and exchange rate is stable and economic growth has increased from 3.6 percent to 8.5 percent.”
The Ghangeria conference is under the theme: Harnessing the Business Opportunities in Ghana and Nigeria to Accelerate Inclusive Economic Growth and Development.