Bureaucracy stalls investment inflows — Advisory firm
Bureaucratic delays and public sector inefficiency are stalling Ghana’s efforts to turn investment projects in the pipeline into actual capital inflows, the Managing Partner of Emerging Markets Advisory Limited, Dr Abudu Abdul-Ganiyu, has said. He said Ghana needed to improve the ease of doing business and accelerate the process of moving projects from the interest … The post Bureaucracy stalls…
Dr Abudu Abdul-Ganiyu, the Managing Partner of Emerging Markets Advisory Limited, revealed that bureaucratic delays and public sector inefficiency are hindering Ghana’s ability to convert investment projects into actual capital inflows. He stated that Ghana needs to improve the ease of doing business and expedite the process of moving projects from the interest stage to signed agreements, firm commitments, and confirmed investment inflows.
The major challenge lies in how swiftly investors can move from the initial stage to agreement signing. Dr Abdul-Ganiyu presented the first edition of a quarterly investment report covering 22 African countries in Accra, comparing investment conditions across five sub-regions. He noted that while Ghana has made progress in its regulatory framework, assessed at about 66% in the World Bank Business Ready Report, public sector efficiency still requires improvement.
He emphasized that delays within the public sector could prevent projects from advancing from the attention stage to firm commitments and eventual confirmed inflows. Factors such as power supply, distribution networks, and transportation infrastructure also influence investors’ decisions. The detailed report, accessible on the company’s website, will provide country-by-country data on projects in various stages, from attention to commitments to actual inflows.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
