Ghana ranked 4th most preferred investment destination

Ghana has been ranked the 4th most preferred investment destination on the African continent by US based economic advisory firm, Frontiers Strategy Group.     The other three countries were Angola, Kenya and Nigeria.    The group said investment interest in the Ghanaian economy by multinationals stood at 18.73 per cent.

Angola was rated third preferred investment economy by the multinationals, with 21.9 while that of Kenya stood at 23.17 per cent. Nigeria led the continent with 29.57 per cent, according to a report entitled “Frontier Market Sentiment Index”, issued by the Wall Street Journal.     According to the report, 11 African countries were surveyed by multinational companies, which included European and American firms.     It quoted Mr Matt Lasov, Global Head of Advisory and Analytics of the U.S. firm as saying, “we collect data about which countries the companies are watching for potential future investment.     “Over time, that gives us a clear picture of their market priorities; which countries they are including in their future plans and which they are dropping.’’     The report said that security situation in Nigeria and Kenya was least considered by the multinationals in their preference for both countries as top business destinations in Africa.