Ghana ranked 4th rising economy in Sub- Saharan Africa

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September 11, 2015 3:46 PM

" These countries have shown a commitment to breaking trade barriers, so it is easier to do business in the country. The governance structures are also improving increasingly."

Finance Minister, Seth Terkper

Ghana stands to benefit from a projected 3 billion dollar investment in the next five years. This according to the first ever Annual Trade index produced by Barclays Bank Ghana.

The Index ranked Ghana fourth in the five top rising economies in Sub Saharan Africa, that's the most attractive economies on the continent.

Reporting on the index, the BBC's says some British businesses are planning to increase investments in Ghana, looking at the country's economic outlook.

Meanwhile the Mark Tucker, head of Global Coorporate Banking of Barclays Bank, these five countries are looking more stable than they have in the past.

Mark Tucker also mentioned the performance of the GDP and other factors, that informed the index's decision to name Ghana as part of the top 5 most promising banks.

When asked what industries present the most attractive prospects for investment, Mark Tucker said,

This optimism by British investors seems to be contrary to the actual impressions of Ghanaians about the performance of the economy with its prevailing challenges, chief amongst them being the protracted energy crisis which is believed to be crippling the manufacturing sector, as well as a rather volatile local currency.

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