President John Dramani Mahama on Tuesday said Ghana still remained the most attractive destination of investment in West Africa, despite the continuous fall of the Cedis.
He said government would continue to provide security and protection to all those interested in investing in the country.
President Mahama gave the assurance when he presented the state of the Nation’s address to Parliament in Accra.
He said the current economic turbulence the country was experiencing was temporary and would therefore be surmounted in the coming weeks.
He said since 2007 many countries in the world had experienced similar difficulties and were currently recovering from those challenges and Ghana as part of the global system was not an exception to those challenges.
“We shall begin to see the benefits of the sacrifices every Ghanaian is making right now as a result of the economic challenges and I can assure all of you that the difficulties are temporary.”
President Mahama said government would also offer support to local investors in the areas of rice, tomatoes, poultry and fish production to reduce the perennial importation of such commodities.
“The reduction of importation of these commodities will also reduce the demand for the United States dollar and subsequently stabilize our local currency in the coming years,” President Mahama added.