“As most of you know, Ghana is a haven of peace, security and stability, indeed, the safest country in West Africa, where legitimate investments are protected. We have witnessed, through the ballot box, three (3) peaceful transfers of power from one political party to another in the twenty-eight (28) year period of the 4th Republic.”

These were the words of the President of the Republic, Nana Addo Dankwa Akufo-Addo, when he addressed the business community in Spain, as part of the “Focus Africa 2023” Conference in Madrid, Spain.

According to him, Ghana continues to be an exciting place for investment, noting all the giant organisations that have already taken their places in the Ghanaian business area.

“It continues to be an exciting time to be in Ghana, and to do business in the country. Already, global car manufacturing giants, Volkswagen of Germany, Sinotruk of China, Nissan of Japan have established assembly plants in the country. Energy giant, ExxonMobil of the United States of America, is establishing an office and base in Ghana, and the well-known Norwegian energy company, Aker, is very much established in Ghana, and I believe it is for good reason,” he added.

The president said though the economies of most of the countries in the world are either in recession or recording negative growth, Ghana’s economy was one of the very few that still managed to record a positive GDP growth.

“In spite of the ravages of the pandemic, we are working to grow the economy at a much faster rate this year, our target being a five percent (5%) GDP growth rate, which will enhance the prospects of a win-win environment for both private sector and country; an environment where companies do not just survive, but actually thrive,”

He, thus, urged business community in Spain to take advantage of the business-friendly climate in the country to invest in Ghana.

A key challenge of the Ghanaian economy, like many other economies in Africa, according to the President, is its infrastructural deficit.

“We are embarking on an aggressive public private partnership programme to attract investment in the development of both our road and railway infrastructure. We are hopeful that, with solid private sector participation, we can develop a modern railway network with strong production centre linkages and with the potential to connect us to our neighbours,” he added.

Ghana, he assured “is, rightly, considered a beacon of democracy in Africa. In the same vein, we are determined to make her an example of rapid economic growth within the context of a well-developed market economy. We welcome your contribution to this endeavour”.