<\/p>\n
A 2024 Rand Merchant Bank (RMB) \u201cWhere to Invest in Africa\u201d report has revealed that Ghana is ranked 6th in Africa as the most attractive investment country.<\/p>\n
The report said that Ghana represents a substantial market and ranks favourably on corruption while topping the list on import concentration.<\/p>\n
It added \u201cFurther, it is among the top ten for urbanisation, connectedness, innovation, political stability, personal freedom and employment.\u201d<\/p>\n
According to the report, Ghana\u2019s fiscal consolidation measures are showing positive signs of improvement.<\/p>\n
\u201cFiscal consolidation is broadly on track, with an estimated deficit of 4.6% of GDP [Gross Domestic Product] at the end of 2023, significantly lower than the 10.7% deficit in 2022. At 15.7% of GDP in 2023, revenues and grants reached the same level as 2022 despite lower oil revenues,\u201d it stressed.<\/p>\n
The nation had an overall score of 0.24, it scored 0.549 for Innovation, placing 9th whilst it had 0.935, placing 5th in the Growth Structure.<\/p>\n
It also placed 6th in Economic Stability and Investment Climate (0.27), placed 10th in Urbanisation (0.553) and 6th in Connectedness (0.850), and placed 26th in Complexity.<\/p>\n
Seychelles came first with a score of 0.72%, followed by Mauritius (0.69) in 2nd position and Egypt (0.49) in 3rd.<\/p>\n
South Africa (0.33) and Morocco (0.30) placed 4th and 5th.<\/p>\n
SSD\/OGB<\/p>\n
Watch the latest edition of BizTech below:<\/b><\/p>\n