Renowned economist Kwame Pianim has urged the Mills government to spell out priorities areas of development so investors can play along.
Mr Pianim who was speaking at the launch of an investment fund in Accra on Tuesday said it is important that the country conducts itself in a way that will boost investor confidence in the economy.
Finance Minister Kwabena Duffuor on March 5, 2009 told Parliament that streamlining the investment climate will be among government’s priorities for the year.
He mentioned that total investment outlays for 2008 amounted to some GH¢1,002.9 million (equivalent to 5.8 per cent of GDP) and about 34.5 per cent higher than the budget estimate of GH¢745.8 million.
Of this amount, expenditures directly tied to the proceeds from the sovereign bond issued on the international capital markets amounted to GH¢581.9 million, (equivalent to 3.4 per cent of GDP).
Although the budget statement misses out on the quantum of investment expected this year, government expects to record a major feat in foreign direct investments.
Mr Pianim however stressed that on the backs of the financial crisis, investors will be looking for the best areas to grow their money, which demands a good posture by the country to attract a favourable share of global investment.
Mr Pianim also said radio discussions that centre on trivialities and depict chaos should be discouraged.
The media has in recent times come under scathing criticisms for encouraging discussions that are punctuated with unsavoury comments.
Mr Pianim called for a more responsible media which places national development at the heart of its running philosophy.
Story by Fiifi Koomson
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
NDC not responsible for recent attacks on state offices, says Ashie Moore
2 minutes -
Gas pipeline maintenance: Government assures of measures to ensure fuel availability
5 minutes -
‘I don’t want to call her a con woman, but we know her games’ – Ewurabena Aubynn jabs opponent
9 minutes -
H-1B: Visa row under Trump fuels anxiety for Indian dreamers
1 hour -
Huge problems with axing fact-checkers, Meta oversight board says
1 hour -
Kyrgios says abdominal strain ‘not too serious’
2 hours -
Pound falls as borrowing costs rise to highest since 2008
2 hours -
Court to begin trial of two prisoners accused of escaping
2 hours -
Joe Biden says he could have defeated Donald Trump
2 hours -
Top South African singer Winnie Khumalo dies aged 51
4 hours -
All 4 independent MPs align with Majority Caucus, Ato Forson confirms
5 hours -
Bernard Ahiafor to lead Parliament’s Appointments Committee
5 hours -
Parliament approves Appointments Committee to vet key nominees
5 hours -
World Bank pledges ‘Better Bank’ vision to drive Ghana’s growth
5 hours -
MyHelp-YourHelp Foundation pays medical bills of detained nursing mothers at Tema General Hospital
5 hours