-A US Chamber of Commerce report has ranked Ghana as an ideal location for investors
-Ghana was scored more than 50% after the evaluation
-The report was released on June 12
In the maiden release of the Investor Confidence Indicator for Africa (ICIFA) by The US-Africa Business Centre, Ghana was ranked among the top countries for investors after clocking a 59.4% rating after an evaluation assessment.
The report was released to enable investors decide on countries in which to push in capital for business. The report was released on June 12, 2017.
Some of the criteria used in the rating included security, development, good governance grounded in the rule of law, media freedom, and human development.
The ICIFA scored African nations based on its performance in 12 Bellwether International evaluations on essential aspects of nation-building including promoting security, development and good governance.
The African countries were categorized into four quarters; dark green, light green, yellow and red with dark green representing countries with the most fertile investor market and red representing countries with low investment returns.
Ghana was placed among the dark green category.
Minister for Trade and Industry, Mr. Alan Kyeremateng, in his address at the launch encouraged US investors to take advantage of the conducive business environment and invest in Ghana for maximum returns.
He added that one of the major intentions of the Akufo-Addo led administration was to ensure that Ghana becomes the best hub for businesses brought in by the international community to thrive. He added that reforms were being put in place to ensure that investor confidence in Ghana was maintained and held in high esteem.
Scott Eisner, president of the US-Africa Business Centre indicated in his speech that the objective of the report was to enable government and industry players to draft policies and investments decisions that would inure to the benefit of the business community and citizenry as a whole. He added that a good business climate in any country was determined by both good governance and a strong business society which were some of the qualities Ghana had.
Speakers at the launch also touched on ways to strengthen US- Africa trade relations.
The US-Africa Business Centre is based in Washington.
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