Dear NDC friends, Investors dont really care about Ghanas history and significance. To a certain degree, they dont even care about our penchant for being a peace loving nation. Investors dont care about who the leader of a nation is. What investors care about most, more than anything else, is whether they get returns on their investment. They care about the rules of engagement... size of the market, costs of inputs, cheap labour, stability of local and international currencies, a vibrant and responsive banking sector, good infrastructure, and when it comes to industry, good supply of electricity and water and allied utilities. The rantings of young Ghanaians on social media will never undermine any kind of FDI. The critical success factors of an investment in a country are not hinged on social media rantings but on the reality and feasibility of an Investment. What most of you dont realize is that we are at a disadvantage. Socioeconomic parameters in Ghana and Nigeria are similar. Per capita, bribes are even cheaper in Nigeria. The market in Nigeria is 170million. Ghana Is 25 million, just about that if Lagos alone. Diesel for industrial generators is half the price in Nigeria. Labour is cheaper, import duties are cheaper and local tax obligations are more humane. In Ghana, almost 40% of your profits will go Into some tax or the other, against all the other wahalas a businessman faces. Instead of sitting in your airconditioned offices postulating about an economy you know nothing about, roll up your sleeves, go to industrial area, kantamanto, spintex road, Tema and other areas and find out what the challenges are and what your policymakers can do to help fix the issues. Believe me, spending your time solving those problems is far better that coming on air making pronouncements and promises you know nothing about....
Posted on: Sun, 16 Mar 2014 17:50:30 +0000