Ghana’s Economic Growth Enviable –Oxford Business Group


The Editor of the Oxford Business group, Rob Tashima, has revealed that, Ghana remains five of the fastest growing economies in the West Africa sub-region.

He said, it was in view of this that, the country’s Eurobond on the international market, kept being oversubscribed across the world.

Even though, the erratic power supply, popularly known as Dumsor, affected the growth of the country, its stability coupled its high Gross Domestic Product (GDP) making the country one of the fastest growing economies in Africa.

Mr. Tashima, made this comments at a business forum held in Accra in partnership with the Ghana Investment Promotion Centre (GIPC), and the Association of Ghana Industries (GIPC) on the topic ‘five years in retrospect’.

The group, which is a global publishing, research and consultancy company on market intelligence operating in the Middle East, Africa, Asia and Latin America, said the discovery of oil provided, a downstream business for the country.

He said, the country was also the fastest growing country in Africa with the fastest growing Foreign Direct Investments (FDI).

He noted that, the stability of the country would propel it to achieve economic gains by the year 2017.

He said, the group in collaboration with GIPC intended to bring unbiased analysis for the consideration of the working countries.

The group would offer accurate and comprehensive reports on emerging markets whenever available.

He took the opportunity to commend Ghana for seeking to be the best country in Africa for doing business.

Speaking as panel member for discussing business opportunities in the country; Madam Esther Cobbah, Chief Executive Officer of Stratcom Africa, said
Ghana needs to reorient it people to know that agriculture has potentials to move the country forward.

She said it is view of this that her company decided to organize the Ghana Flower and Garden show to motivate more people to venture into agriculture as a business.

“Agriculture has direct impact on everybody and it effects cannot be over emphasized when it come development of any country,” she argued.
She called on schools to help impact the knowledge in their students and help them acknowledge that agriculture is not a primitive job as it has
been perceive all this while in the country.

She said Ghana can make more gains in economic growth if agriculture is taken seriously and people are made to believe it’s the engine of growth of the economy.

On his part; the Deputy Minister for Trade, Mutala Mohammed charged Ghanaians to change their attitude towards doing business in the country.

He revealed that the ministry would continue support domestic companies to boost domestic companies to achieve the middle income status the country has been yearning for under President John Mahama.

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