Former President John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has emphasized that foreign direct investment (FDI) is significantly influenced by both external factors, such as global conflicts or economic recessions, and domestic factors, including government policies and the overall business environment.
While Ghanaian authorities cannot control external factors, Mahama asserted that they have the power to address domestic issues that hinder FDI inflows into the country. He stressed that the importance of FDI for Ghana is greater now than ever.
“With Ghana defaulting on international debt and being temporarily shut out of the global capital market, boosting FDI inflows for Ghana will be critical over the next four years,” he said at the Distinguished Speakers Series on Foreign Direct Investments on Thursday, August 29.
He used the occasion to reiterate his assurance to promote a business-friendly environment in Ghana if he is elected as President in this year’s elections.
“In conclusion, let me reiterate my pledge at the launch of my party’s manifesto that I will work tirelessly as President to reduce bureaucracies, promote transparency, simplify administrative and regulatory processes, and uphold the rule of law to create a friendly investment climate,” he said.
