Given the steady economic progress badociated with the country's cordial business environment, US companies consider Ghana as a safe haven
Later more US In an interview with Graphic Business in Accra, the United States Ambbadador to Ghana, Mr Robert Jackson said US companies had deep interest in the country's mining sector, adding that it was the area likely to attract the largest investments.
"I think we will see more investment in the mining sector.The oil industry has attracted huge US investment and continues to do so," he said. According to him, Exxon Mobil, one of the largest companies in the world, has entered into a partnership with Ghana to do more deepwater exploration and I am deeply confident that it will bring more oil services. companies in Ghana, "he said.
In the franchise business, Mr. Jackson says that there are many like KFC, BurgerKing, Pinkberry and Pizza Hut who have opened their stores "since I was here. "
The franchise companies may be small, it does not minimize their value when it comes to providing a job.
According to him, "relatively small stores, individually or collectively, generate a number of jobs and the fact that they are growing shows that these franchises are popular and affordable for Ghanaians, as well as throwing out bases for other franchises to open and succeed in this economy ".
Against these advantages, Mr. Jackson said, "We will see more consumer goods happen and we expect more companies in the goods industry to consumption enter the market. Thus, oil, consumer goods and franchises seem to be the areas where we should experience the most growth in the short term. "
Future of the Economy
On the economy, the US Ambbadador said" We must be happy that the economy of Ghana is the only one. one of the fastest growing economies this year, which means that Ghanaian consumers have more travel and investment, which allows more US companies to invest and sell their products here. " [19659005Subscriptionontheeconomycomestotheprogressivesupportofthecountriesaccordingtothejudgment of the International Monetary Fund (IMF).
For example, the Breton-Wood Institution, in its latest review of the economy, stated that Ghana's economic growth prospects were positive, while its macroeconomic stabilization was underway . He noted that the government's commitment to achieve end-of-year budget targets was encouraging.
The IMF said strong government commitments to strengthen the resilience of the financial sector, among other areas, were also positive. 19659006] He further notes: "Macroeconomic stabilization is underway, growth prospects remain positive, supported by strong oil production."
"Investor confidence has improved as 39 indicates the successful issuance of the Eurobond in May 2018. Inflation fell to less than 10 percent .The government stepped up structural reforms, particularly on Public Finance Management and Strengthening the Supervision of State Enterprises
End-of-Year Objectives
"The Government's Commitment to Lead to The annual budget targets are encouraging.The available fiscal data suggest an increase in public spending – mainly due to the frontloading of capital expenditures and goods and services – while the incomes have underperformed at the same time. in the first four months of the year, "the IMF said.
For example, the government aims to increase the total revenue of GH ¢ 51 billion, spend GH ¢ 62 billion and have a deficit of 4.5 percent of gross domestic product (GDP) at the end of Ghana beyond help
On Ghana Beyond aid as the President proclaimed, Mr. Jackson said: "Ghana needs more investment in the social sector to help education," said Ghana Beyond Aid in line with President Nkrumah's vision that Ghana be more independent
Mr. Jackson pointed out that President Akufo-Addo, in articulating that the country had to go beyond the aid, "said that he must be more independent. Regardless of the rest of the world or unscathed, no.
"Ghana Beyond Aid " he explained should be a country able to fend for itself, able to create prosperity … its citizens so that they do not feel that they want to migrate to look for good jobs.
"That's what Ghana Beyond Aid means to me and I think this vision, even though it may not be achievable by President Akufo -Addo, is really important for Ghanaians. the spirit, "he advised .
M r Jackson described Ghanaians as" very entrepreneurial, "saying," J & # I was struck by how hard working people are, how positive they are, how committed they are to their community and their country. This spirit of entrepreneurship and volunteerism and positive attitude reflect what I think the President is trying to exploit ; and I applaud because it is the positive attitude that will make Ghana grow and prosper in the years to come.
"It's the will and if the President and the people can channel that will, I believe this country can really be the black star of Africa that everyone wants," he added.
