2014 Budget: Investor Confidence High...Ghana Among 3 African Countries With High FDIs

As a result of sound economic policies initiated by the current National Democratic Congress (NDC) government, the country's Gross Domestic Product (GDP) has doubled in nominal terms, according to the Minister of Finance and Economic Planning, Seth Terkper. Presenting the 2014 Budget Statement and Economic Policy of the Government in Parliament on Tuesday, Seth Terkper disclosed that the country was able to achieve "positive growth rates for all sub sectors" in the year under review resulting in high Foreign Direct Investments (FDIs). "Ghana is among three African countries that have attracted the highest foreign direct investments; our record reflects the high investor confidence in the economy," he stated. According to him, the sterling performance of the economy resulted in the International Monetary Fund (IMF) naming Ghana among South Africa and Nigeria, as three of African nations to have attracted the highest Foreign Direct Investments (FDI) more than $10bn in last few years. More soon...