Exclusive Interview with Ghana Chamber of Commerce and Industry
GCCI: “2017 has seen a renewed confidence in the business environment compared to the previous 4 years. We perceive that there is a bit of stability in the economy.”
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GCCI: “2017 has seen a renewed confidence in the business environment compared to the previous 4 years. We perceive that there is a bit of stability in the economy.”
“The renewables is a great area for us now and we would really like to do it through a private partnership arrangement. So far, those that we have in the pipeline, we have been lucky enough to have funding for from KFW which is the funding arm of the German government.”
“As far as the power crisis is concerned, it started in 2012 when we had difficulties with the gas supply from Nigeria. That was the genesis of the power difficulties that we had and it went on for a while until the then government intervened in 2014, 2015, and 2016. They brought in some emergency solutions with what we call emergency power plants.”
“The Octagon here opened at the end of last year and is doing well. We already have five banks and many small companies. Some people have booked spaces in advance and are planning to start moving in by September or the end of the year, which is quite positive.”
The former government of Ghana introduced some emergency solutions (e.g. emergency power plants) that helped alleviate the power crisis in the country. The Chief Executive of VRA confirms that Ghana is no longer in a power crisis mode.
“Ghana is the place to do business now, in terms of the economy it is quite stable, we have peace and stability and it is a growth economy.”
“The general overview of the Ghanaian healthcare industry is a fairly positive one in the sense that there is a lot more awareness of the need for quality improvement and better accessibility to healthcare.”
Speaking at the 2017 Ghana Economic Forum on the theme “Building a Ghanaian Owned Economy, 60 years on, The Role of Insurance”, Lartey mentioned 10 critical things that insurance will do to improve economic development if proper attention is given to its essence in the economy.
The 2017 Ghana Investment Summit is to take place in the end of August in Ghana’s capital of Accra, and its objectives are aligned with the President Akufo-Addo’s vision of making Ghana the most business-friendly and people-friendly economy in Africa.
Ghana’s electricity demand is expected to move from 2,000 megawatts to 6,000 megawatts in the medium term before peaking at 8,000 megawatts in the long run. This strong growth in demand amidst a supply deficit present enormous opportunities for investors.