President of IMANI Africa, Franklin Cudjoe
Policy think tank IMANI Africa has asserted that the increase in private sector investments reflects growing confidence in the local economy.
A report released and cited by GhanaWeb Business stated that the business environment would remain conducive if tax policies were favorable for the business community.
The report further emphasised the need for transparent regulations and a focus on the agriculture and manufacturing sectors to drive industrialisation.
“The recent surge in private sector investments signals growing confidence in Ghana’s economy. However, sustaining this momentum requires policy consistency, transparent regulations, and investment-friendly tax policies. Public-private partnerships (PPPs) in key sectors such as manufacturing, agriculture, and technology should be strengthened to drive industrialisation and job creation,” part of the report stated.
IMANI also noted that tax breaks and reductions in import duties on critical production inputs could attract more investors.
This, it concluded, could spur economic growth.
SA/MA