The Ghanaian business community is ramping up advocacy efforts to protect local and foreign businesses from increasing acts of vandalism in order to maintain a secure environment and bolster investor confidence.
Recent attacks on some companies, including Electrochem Ghana, Volta Aluminium Company (VALCO), and Ghana Gas, have raised alarm within the investment landscape.
These incidents, reportedly instigated by youth groups, threaten to erode Ghana’s reputation as a safe and attractive destination for investment.
Data from the Ghana Investment Promotion Centre (GIPC) reveals that the country secured $316 million in Foreign Direct Investment (FDI) during the first three quarters of 2024, reinforcing its position as a leading investment hub in West Africa.
Additionally, domestic investments totalled $9.88 million, showcasing a balanced contribution from both foreign and local investors.
However, the growing concerns over vandalism have prompted swift action.
The Ghana Chamber of Commerce and Industry (GCCI) has vowed to intensify its advocacy for business protection.
We are committed to advocating for the business community to ensure incidents like these do not recur,” said Abass Miezen, President of GCCI.
The Association of Ghana Industries (AGI) is also deepening its collaboration with law enforcement and the judiciary to safeguard businesses.
We continue to engage key state institutions such as the police and judiciary, urging them to step in and protect our member companies,”Tsonam Akpeloo, Greater Accra Regional Chairman of AGI remarked.
Industry players caution that failure to address these disruptions could undermine Ghana’s appeal to investors and weaken its economic prospects.
They are thus urging swift governmental action to reinforce security measures, ensuring a stable business environment to sustain Ghana’s investment momentum.
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