Akufo-Addo meets global financial giants in SA

By: George Wiafe | myjoyonline.com

President Akufo-Addo will today try to convince global financial giants and some world leaders that Ghana is one of the best places to do business and invest.

The president would be doing this when he begins his bilateral engagements and later addresses global financial giants, some world leaders, hedge fund manager’s pension funds managers and sovereign wealth fund managers at the Africa Investment Summit at Stanton in South Africa.

He would also let these investors appreciation that the necessary policy measures have been put in place to protect their investments to ensure that the right returns are made on them.

Other engagements by the President at the Foru

The President is also expected to hold some bilateral meetings, as well as engagement with African development bank officials, the South African President and join in some investment discussions programs.

JoyBusiness understands that he would also be part of some discussions that would lead to financing some infrastructure projects in the country.

President Akufo-Addo is expected to end his engagement at the Summit on Friday, November 9, 2018, and possibly return to Accra.

He is being accompanied by the Finance Minister, Ken Ofori Atta, Railway Minister Joe Garthey and Chief Executive of the Ghana Investment Promotion Center (GIPC), Yofi Grant.

What is the African Investment Summit?    

The Arica Investment Forum (AIF) is Africa’s investment marketplace, through which the African Development Bank, along with its partners, will originate, screen, structure and enhance projects, attract co-investors, and facilitate transactions to close Africa’s investment gaps.

The Marketplace will reduce intermediation costs, improve the quality of project information and documentation, and increase active and productive engagements between African governments and the private sector.

Essentially, AIF offers investors access to a structured platform offering bankable, de-risked projects within an enabling environment.

What would the Africa Investment forum do for Ghana and the continent?

The forum has been described by many as the game-changing event, aimed at attracting multi-billion-dollar deals across the continent and is set to usher in a new era for Africa’s investment landscape.

Regional, global investors, institutional investors, private sector leaders, prominent government officials, and representatives of countries are converging in South Africa, for what is billed as an unprecedented gathering to mobilize and crowd in global investment capital for the continent’s ambitious development agenda.

African Development Bank President and the Forum

Dubbed by the African Development Bank President Akinwumi Adesina as the “collective deal of the century for investment in and the development of Africa,” the forum will focus on advancing projects to bankable stages, raising capital and accelerating the financial closure of deals.

The President of African Development Bank has maintained that he seeks to use the program to encourage investment into Africa and not aid.

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