By Mercy Darko
As the country navigates its way out of the global economic meltdown, Vice President Mahamudu Bawumia has assured private sector investors that Ghana’s economic opportunities for the sector are back on track.
Dr Bawumia noted that the government is re-focusing on economic growth and working hard to regain the trajectory Ghana was on and get back to pre-Covid growth numbers.
Addressing participants at the 3rd Ghana Investments and Opportunities Summit in London, Dr. Bawumia indicated that the government is acting as a facilitator by unlocking bottlenecks, prioritising limited resources to strategic sectors and projects to support the private sector, which is the engine of growth.
Vice President Bawumia noted that over the past two years, ‘’inflation has surged in many parts of the world, and it is now at levels unseen for generations’’.
He said the world continues to face difficult moments caused by several factors, including climate change, and disruptions in the supply chain of manufacturing goods as a result of the COVID pandemic.
The government, he said, is, however, balancing sound fiscal management with strategic public investments that will unlock growth.
He said, ‘’This is an exciting time to be part of Ghana’s economic revitalization, stressing that the country is back on track and strong opportunities exist for profitable private investments in key sectors.”
The Vice President also touted Ghana’ efficient port operations, saying the Takoradi port especially is undergoing a significant transformation and needed investment to help decongest Tema port to allow the berthing of more vessels.
Dr Bawumia cited the Brownfield, Greenfield, and Public Private Partnerships as tangible and bankable projects championed by the private sector in Ghana and abroad.
The investment summit seeks to woo foreign investors to take advantage of opportunities in the various sectors of the Ghanaian economy.