Establishing Business in Ghana

Abstract

Africa has been changing rapidly. It is now closely connected to the international economy. Its transformation has presented attractive opportunities that cannot be neglected or denied. During the last decade, business people, entrepreneurs, multinational businesses, and politicians have been advocating business development in Africa. With its abundant natural resources and its large consumer markets, Africa is a continent ready for investment and business development. Agreeably, it is not all African countries that are suitable for these business ventures. On the contrary, many countries in the sub-Saharan region and of course South Africa provide many business ventures and investment opportunities. Ghana is one of the sub-Saharan countries that is now ready, able, and eager to accommodate foreign and domestic business development. Reports from a variety of sources, that is, IMF, World Bank, Euro Monitor, confirm the fact that Ghana is a shining star just waiting for business ventures to set up shop in its economy. Therefore we must ask specifically an important question on why businesses should invest in Ghana. It can be answered by reviewing the positive business environment that Ghana offers.