News:
September 14, 2010
The Member of Parliament (MP) for Ahafo Ano South, Stephen Balado Manu, says he is not the least surprised about the latest Investment Climate Survey by the World Economic Forum that painted Ghana not too conducive a country to transact business in.
According to the MP, the bad governance style of the ruling National Democratic Congress (NDC), coupled with the worsening state of insecurity in the country has contributed to many businessmen remaining hesitant to investing in the economy.
The Executive Opinion and Global Competitiveness report ranks Ghana 114 out of 139 countries, scoring just about half of the maximum 7 points.
The Global Competitiveness Report rankings were based on some 12 indicators. These include institutions operating in the country, infrastructure, macroeconomic environment, health, primary and higher education and training.
The rest are; goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
Speaking on Oman fm’s morning show, the Member of Parliament for Ahafo Ano South, Stephen Balado Manu, notes that it is important the government implement good policies which will boost the confidence of business executives to invest and maintain their businesses in the country.
‘’ In the recent past several businesses mostly from Nigeria sprung up almost on a daily basis, currently that is not the case, other businesses are rather relocating to Nigeria and we must find out why this is so’’, he said.
Story : Kwadwo Anim/ghanamps.gov.gh