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Vice President Mahamudu Bawumia said the government is committed to ensuring economic stability to attract more investors to the country.
According to Bawumia, moving "Ghana beyond aid" requires more investment, hence the government's desire to ensure a stable economy.
He said: "For the first time in our history, we pbaded legislation to keep the budget deficit below 5%, which has never been done before. It will help maintain the budget deficit, but not more than 5%. We have also put in place a tax council that will ensure that the minister stays within the tax limits and is held accountable in case of failure, which will allow him to better manage the economy. "
"As a government, we recognize the need for a stable macroeconomy that is also important for foreign and local investors."
Mr. Bawumia spoke at the German-African Business Summit at the Kempinski Gold Coast Hotel in Accra.
Gerd Muller, German Federal Minister for Economic Societies and Development, said Germany planned to invest in various sectors of the Ghanaian economy, including agriculture.
He said: "We will invest in energy and training. Over the next three years, we will fund the training of some 25,000 young people to help them develop their skills and potential. We also hope to invest in agriculture, which we are aware of, has enormous potential. "
At the same time, the CEO of the Ghana Investment Promotion Center (GIPC) was optimistic that more companies, including SMEs, would invest in Ghana.
"The best part of today's meeting is that not only large companies like VW and Bosch are already investing, but that SMEs will also take advantage of this opportunity to invest in Ghana as well, which will generate revenue." and create jobs for our employees. "
He added that his company had already hired investors in technology and the digital space, who had expressed interest in the next commissioning.
The German-African Business Summit brought together a network of about 750 high-level representatives from the business and political spheres of Germany and sub-Saharan Africa to explore investment and development opportunities. commercial opportunities between Africa and Germany.
This three-day summit should help participants better understand the current development and future potential of German-African trade relations.
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