Investor confidence in Ghana high – Pelpuo

Business News of Friday, 25 December 2015


Rashid Pelpuo New New NewDr. Rashid Pelpuo

The Minister in charge of Private Sector Development, Dr. Rashid Pelpuo, has stated that a lot of investors still have confidence in Ghana as a preferred investment destination.

He told Radio Ghana that the investors are interested in all sectors of the economy including agriculture which is the backbone of the country.

Dr. Pelpuo said in the next few years, more than ten thousands job opportunities will be created for the people.

Meanwhile, a Senior Lecturer at the Economic Department of the University of Ghana Dr. Ebo Turkson, says the relative stability of the Cedi during this festive season is due to the Cocoa syndicated loan and remittances from Ghanaians abroad for the Christmas and New Year Celebrations.

He told Radio Ghana that the cedi is likely to depreciate early next year following the increase in the US Federal Reserve rate coupled with businesses converting cedis into foreign currencies for import.