RMB Global Markets Research says Ghana is the fourth best place in Africa to invest.
The West African country, Ghana, beat countries such as Kenya, Nigeria, Tanzania, Cote d’ Ivoire and Algeria.
In 2015 Ghana was seen as the fourth safe country to have attracted the highest amount of Foreign Direct Investment (FDI).
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Despite major economic challenges, the West African oil producing nation also ranked fourth as the country to have attracted the highest amount of Foreign Direct Investment (FDI) in 2015.
Ranked among the top five recipients according to the research company, Ghana only beat Morocco.
During the period under review, Africa as a whole attracted $54 billion in FDIs, representing a paltry 3.1 per cent of the world total FDIs.
A researcher at RMB Global Markets Research, Celeste Fouconnier says much as the outcome of the research may sound unrealistic to some Ghanaians, “it must be noted that Ghana is still enjoying a lot of goodwill among investors out there.
“This is what the country has to leverage to be able to fix the challenges to position itself to attract more FDIs to help accelerate growth of the economy,” she said.
The research also revealed that Accra ranked number one as the African Economic Growth hotspots, beating cities such as Lagos, Abuja, Addis Ababa, Luanda, Kigali among others.