Finance Minister to ‘bait’ $45 trillion under-performing global fund into Ghana’s economy

Business News of Friday, 15 December 2017

Source: www.ghanaweb.com

2017-12-15

play videoFinance Minister, Ken Ofori-Atta

Finance Minister Ken Ofori-Atta has indicated government’s desire to bait some $45 trillion worth of capital that is underperforming on the international market into the Ghanaian economy.

“There is over $45 trillion worth of capital that is sitting as cash and not earning any interest, and some of them are actually yielding negative returns. So how do we create the platform to lure this capital for the Ghanaian economy?” he said.

Speaking at a Market Sounding Breakfast meeting held at the Kempinksi Gold Coast (is it a hotel) in Accra, the Minister said the $45 trillion dollars underperforming global fund can be used to tremendously boost the growth of the Ghanaian economy.

According to Ken Ofori-Atta, government is working on creating a business-friendly environment for entrepreneurs to leverage on to lure such “idle” capital on the international market.

Ken Ofori-Atta also charged the Ghana Investment Promotion Centre (GIPC) to market the pro-business policies being initiated by the current government.

A roadshow to Japan

Finance Minister, Ken Ofori-Atta has announced a roadshow to Japan next year to market Ghana-friendly business policies to Japanese investors.

“We have had a 40-year relationship with the Japanese volunteer program and we have had 1000 volunteers come through over the 40 years. What we want to do now is move it to economic and mercantile relationship with Japan,” he noted.

“The first move is to organize a roadshow to Japan to introduce ourselves to some key Japanese,” he added.

Mr. Ofori-Atta also hinted of government’s plan to issue another bond to the Japanese market

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