Kyle Kelhofer, Senior Country Manager for the International Finance Corporation (IFC), has emphasised that while Ghana’s recent economic improvements are encouraging, lasting investor confidence will depend on consistent performance and ongoing commitment from key stakeholders.
Speaking on Monday, January 19, Kelhofer noted that short-term progress is positive but warned that investors look for trends that are sustained over time.
“Trends matter, and the commitment to these results by the key stakeholders matters too,” he said. “What we’ve seen in the short term is very good, and it helps create confidence for both domestic investors and international investors.”
He pointed to macroeconomic stability as the foundation for confidence, citing steady GDP growth, declining inflation and interest rates, and a stable exchange rate as essential factors.
“The first principle is simply macro stability and strong GDP growth, inflation coming down, interest rates coming down, and the exchange rate not just coming down but staying stable,” Kelhofer explained.
According to the IFC official, a predictable economic environment allows businesses to make informed decisions, plan effectively, and commit to long-term investments. He stressed that maintaining stability is key to attracting both local and foreign investors.
“Lasting economic growth requires confidence that the improvements we are seeing are not temporary. Sustained stability encourages better investment planning and long-term commitments, which are essential for economic development,” Kelhofer added.
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