Former President John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has emphasized the critical role of foreign direct investment (FDI) in Ghana’s economic recovery, noting that both external and domestic factors influence FDI inflows.
Addressing the Distinguished Speakers Series on Foreign Direct Investments on August 29, 2024, Mahama acknowledged that while Ghanaian authorities cannot control global events such as wars or economic recessions, they can address domestic issues affecting FDI.
“The issue of FDI is not just important, it’s urgent for Ghana,” Mahama stressed.
“Given Ghana’s current financial situation, with international debt defaults and temporary exclusion from the global capital market, the need to boost FDI inflows is not just important, it’s critical over the next four years,” Mahama emphasized.
He reiterated his commitment to creating a favourable business environment if elected as President in the upcoming elections.
Mahama assured that his administration would focus on reducing bureaucratic hurdles, enhancing transparency, and simplifying administrative and regulatory processes to foster a conducive investment climate.
“In conclusion, let me reaffirm my pledge from the launch of my party’s manifesto,” Mahama said.
“I will work tirelessly to promote a business-friendly environment, uphold the rule of law, and streamline processes to attract and retain foreign investment. You can count on my unwavering commitment to this cause,” Mahama reassured.
