Ghana has been ranked among the best African countries for investment, per findings by RMB Markets Research.
Ghana was rated above the likes of Kenya, Nigeria, Ivory Coast and Algeria who all made the top 10.
Ghana placed fourth on the list of African countries with favourable conditions for investment.
According to the report by RMB Markets Research Ghana had improved tremendously and had actually attracted the highest amount of Foreign Direct Investment (FDI) in the past year.
The report also puts Accra ahead of cities like Lagos, Abuja, Addis Ababa, Luanda and Kigali when it comes to cities that encourage economic activities.
A member of the RMB Markets Research team, Ms Celeste Fouconnier said Ghana’s position as the fourth most favourable country for investment could improve if more investors continue to enjoy the “goodwill” the West African country offers.
“It must be noted that Ghana is still enjoying a lot of goodwill among investors out there.
“This is what the country has to leverage to be able to fix the challenges to position itself to attract more FDIs to help accelerate growth of the economy,” she said while speaking at the 2nd edition of the Economic Business Breakfast meeting hosted by the First National Bank last Thursday.
Ghana’s FDI is currently only bettered by Morocco when it comes to Africa.
However, per the report by RMB Markets Research, Africa attracted $54 billion in FDIs at large in 2015 – an amount which represents 3.1% of the world’s total FDIs.