Foreign direct investment (FDI) around the world has over the years grown at a phenomenal rate since the early 1980s. The International Monetary Fund (IMF) reports that since the early 1980s, world FDI flows, now attributable to almost 54,000 transnational corporations, have grown rapidly—faster than either world trade or world output. Over the years, FDIs have become an important source of private external finance for developing countries, and Ghana is no exception. Appearing on the Springboard, Your Virtual University, the Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, emphasised that FDIs were very important for every country. If you look at world history, it is replete with stories of people getting on ships and trying to find foreign lands to conquer. They steal, sometimes negotiate and take goods from wherever they went to and brought them to their home countries. “Some of them ended up setting up businesses there. There are many cases ...