Air fares and delay in visa acquisition play a huge role in the drop in investments between Ghana and the United States of America according to Ambassador Robert Jackson.
Mr. Jackson explains that the unfortunate development has made investment terrain of Ghana become unattractive for US investors.
This he believes has compelled US investors to obtain a foothold other markets apart from Ghana.
Ghana’s aviation is very expensive and it takes a longer period for the Ghanaian embassy in the US to process visa.
Mr. Jackson was, however, quick to point out the challenges the US embassy faces.
“We have our own visa issues but we process our visas within 48 hours.”
He made these remarks when he paid a courtesy call on the Business Development Minister Ibrahim Mohammed Awal on Thursday, March 9, 2017.
According to the Ghana Investment Promotion Centre, the Ghana-US trade volume is estimated at 1.2 billion dollars.
However, the high cost of doing business has truncated such huge investments.
Ambassador Jackson is therefore advising stakeholders to put measures in place to create a business friendly environment to attract investors abroad.
Minister of Business Development Ibrahim Mohammed Awal also stated that his outfits is committed to resolve the inefficiencies crippling the country’s investment zone so as attract huge investors to Ghana.