Ghana has been ranked the fourth best place to invest in Africa by RMB Global Markets Research. Ghana beat countries such as Kenya, Nigeria, Tanzania, Cote d’ Ivoire and Algeria as it is placed among the top 10 countries on the continent.
It also ranked fourth as the country to have attracted the highest amount of Foreign Direct Investment (FDI) in 2015 even when the economy was heavily saddled with major economic challenges.
Ranked among the top five recipients according to the research company, Ghana only beat Morocco.
During the period under review, Africa as a whole attracted $54 billion in FDIs, representing a paltry 3.1 per cent of the world total FDIs.
A researcher at RMB Global Markets Research, Ms Celeste Fouconnier, made this known at the 2nd edition of the Economic Business Breakfast meeting hosted by the First National Bank in Accra last Thursday, said much as the outcome of the research may sound unrealistic to some Ghanaians, “it must be noted that Ghana is still enjoying a lot of goodwill among investors out there”.
“This is what the country has to leverage to be able to fix the challenges to position itself to attract more FDIs to help accelerate growth of the economy”, she said.
Another revelation from the research also indicated that Accra ranked number one as the African Economic Growth hotspots, beating cities such as Lagos, Abuja, Addis Ababa, Luanda, Kigali among others.