More US companies will be investing in Ghana in the coming months because of the International Monetary Fund (IMF) bailout programme the US Ambassador to Ghana, Gene Cretz has said.
The new investments will also be as a result of the signs of economic recovery, he indicated.
The companies are expected to invest in infrastructure, oil and gas, technology, and transportation.
Some investors and private companies were said to have held on to their funds because of Ghana’s economic challenges.
Speaking in an interview, Mr. Cretz, said the environment is now good for US companies to double their investments in Ghana.
“We have a network of companies we are talking to, the state department is encouraging companies to come and our commercial department is very active in getting out the information that the situation in Ghana is beginning to turn and now is really the appropriate time to come here.”
He says he has no doubt that there is going to be a real upsurge in the coming months in American corporate interest in Ghana.
He added that for IMF to agree on a bailout programme with Ghana means it is confident in the government and “we are hoping that that confidence in the programme will translate into confidence among international investors because whenever you get the IMF seal of approval, you’ve got pretty much the best you can get.”
Gene Cretz said he looks forward to government implementing the steps outlined in the bailout programme.
Source: myjoyonline