Fitch Solutions, the research arm of ratings agency, Fitch, has rated Ghana as the safest country for investment in West and Central Africa as it is the country with the lowest risk in terms of operational, economic and political risks.
Ghana scored 53.9% on the country risk index, making it first in West and Central Africa. On the economic risk index, Ghana scored 41% and 51.6% for the short and long terms respectively. Ghana obtained 69.7% for short term political risk and 72.9% for long term political risk.
On the operational risk index, the country scored 44.1% placing it first among the other countries assessed.Overall, Ghana is the best place to do business in West and Central Africa, according to a report by myjoyonline.com
“The country’s economic performance will however trail Ivory Coast- which will become the fastest growing economy this year- and Nigeria in both the short and long term…This is largely because the uncertainty associated with investing here, and more specifically the degree to which that uncertainty could lead to losses for investors is very low,” the report added.
It further noted that “the country’s economic pointers have looked good this year despite covid-19.Growth is expected to hover around one percent this year and make it a top performer globally, while inflation and exchange have remained low and relatively stable. Though the debt level is worrying, it is not likely the nation will default in its loan repayment.”
