Ghana Remains A Favourable Investment Destination – Seth Terkper

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Finance Minister, Seth Terkper, has insisted that Ghana remains a favourable investment destination despite the turbulence in which the economy is currently.

Presenting a statement on the floor of Parliament Yesterday, Mr Terkper said the faith investors have on the economy had not waned.

Many analysts have surmised that measures introduced by the Bank of Ghana (BoG) to arrest the spiraling fall in the value of the local currency were
inimical to foreign investment.

Some of the key measures prohibit companies from pricing, and receiving payments for their goods and services, in foreign currencies and withdrawing money from forex accounts.

The measures are said to undermine confidence in the economy and discourage foreign investment.

But Mr. Terkper contends that is not the case.

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