Source: LUV FM | Prince Appiah | Johannesburg | South Africa
Date: 30-11-2018 Time: 06:11:41:am
Ghana has moved up one place, up from eight to the seventh position, in the league of countries that attracts foreign direct investment (FDI) in Africa.
2018 EY Africa Attractiveness Report also ranked Ghana second in West Africa for FDI attractiveness.
EY Africa Attractiveness Survey and Report is by Ernst & Young Company designed to help businesses make informed investment decisions and governments to improve their respective business environment while lightening barriers that may intercept future growth.
Ghana in 2016 got 28 projects out of the 676 FDI projects that came to Africa putting it in the seventh position in Africa and third in West Africa.
In 2017, FDI projects in Ghana increased by 15 more projects to 43, displacing Ivory Coast at the second position in West Africa.
Nigeria moved up from the fifth position to fourth but lost the third position to Kenya who in 2016 was at the fifth position.
South Africa, once the clear leader in attracting FDI, now shares the top rank with Morocco.