World Economy

Ghana FDI Drops

Ghana FDI DropsGhana FDI Drops

Ghana dropped nine places to rank 18th position in investment performance in Africa with a net foreign direct investment of $3.5 billion in 2016 according to the Africa Investment Index, GNA reported. The AII developed by Quantum Global Research Lab showed that Ghana came down from ranking 9th in 2015 to the 18th position by the end of 2016. The report attributed the decline to the three-year power crisis, structural challenges including fiscal deficits pushing public debts to over 70% of GDP and low world prices for the country’s resources.

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