Hot News :
  • A senior member of the New Patriotic Party (NPP), Joe Gharte.. 47
  • The Minister for Finance, Dr Cassiel Ato Forson, has assured.. 81
  • Ghana marched into the quarter-finals of the TotalEnergies C.. 78
  • The United States Government has donated 14 mine-resistant, .. 76
  • The second edition of the Ghana Business League Awards (GBLA.. 196
  • Today marks the 25th anniversary of Otumfuo Osei Tutu II&#39.. 266
Search
Sign In
  • Home
  • News
    • Financial
    • Business
    • Social
    • Extra
    • Politics
    • Health
    • Education
    • Opinion
    • Religion
    • Science
    • Technology
  • Sports
  • Entertainment
    • Music
    • Movie
    • Gossip
  • Institutions
  • Blogs
  • Classifieds
    • Events
    • Auto
    • Real Estate
    • Announcement
  • Lifestyle
    • Gadgets
    • Recipes
    • Fashion
  • Jobs
  • Contact us
Homenews
Scroll Down for More
social news

Economist Calls On Ghanaians Abroad To Invest At Home

A Technical adviser at the Ministry of Finance and Economic Planning, Dr. Sam Mensah, has appealed to Ghanaians resident abroad, especially in Canada, to create...

04 Mar 2008
  • 0
  • 192
  • read
  • news, social
Share This
Article:
Font size:
Write a Comment Report
Print

Economist Calls On Ghanaians Abroad To Invest At Home Website
A Technical adviser at the Ministry of Finance and Economic Planning, Dr. Sam Mensah, has appealed to Ghanaians resident abroad, especially in Canada, to create investment protocols with various financial institutions in Ghana, to enable them invest positively back home. He said there are about 21 recognized financial institutions in Ghana, which can help them create investment portfolios to enable them invest successfully in the country, if they wanted to do so. Dr. Sam Mensah made the appeal, when he launched the Golden Jubilee Bond in Toronto, Canada, on February 16. According to him, the bond has five years maturity period with Ghanaian citizens, or permanent residents and Ghanaian registered institutions in Ghana, as eligible buyers. The technical adviser on finance and economic planning observed that interest rates and inflation rates had gone down over the past five years. He predicted that in 2013 it would be around 5.5% single digit. He laid the achievement on the high remittances by Ghanaians resident abroad. He stated that the country had passed the stage where governments could lie about the performance of the economy, and therefore advised propagandists to stop peddling falsehood about the current state of Ghana's economy, which has received international recognition. "The current rating of the country, with B plus, cannot be described as a joke, since the graders are international institutions and can not lie about the performance of the country's finance and economic planning achievements," he explained. Dr. Sam Mensah advised people to desist from propagating false information about the country, since it would have a negative effect on the economy in the long run. "The current government is a listening one, therefore when people have complaints about certain policies and decisions, they should channel them through their various associations for possible reactions, instead of living on they and us syndrome," he said. Some of the participants complained about high rates of taxes and bribes, collected at the various ports of entry, making it impossible for many Ghanaians resident abroad to invest back home. Mr. Kwabena Asare, the deputy Ghanaian High Commissioner to Canada commenting, described the Golden Jubilee Bond as a great effort by the present government to woo citizens abroad to invest in their motherland. While he described the Diaspora festival as a political gesture to woe investors, he described the Golden Jubilee Bond as an economic gesture instituted by the present government, and therefore called on all to embrace it to make it achieve its goal. So far the bond has been launched in Germany, the United Kingdom, United States of America (USA) and Canada with sales going on at the various High Commissions.
Tags :
Science Technology Business Lifestyle

Source: MJFM



Political Broadcast - GBC Says No To Independent Candidates
Prev article Political Broadcast - GBC Says No To Independent Candidates
GFA Denies Sammy Adjei’s Retirement
Next article GFA Denies Sammy Adjei’s Retirement
Related Posts
social
© Image Copyrights Title

Otumfuo marks 25 years on Golden Stool

26 Apr 2024
social
© Image Copyrights Title

Dubai floods: United Arab Emirates struggles to recover after heaviest recorded rainfall ever hits desert nation

19 Apr 2024
Comments 0
Write a comment
Error!
01. 02. 03. 04.
Reply to Comment
Categories
  • social3
  • politics3
  • business3
  • opinion3
  • sports3
  • education3
  • health3
  • technology3
  • religion3
  • extra3
  • financial3
  • science3
  • diaspora3
  • Classifieds
  • Jobs
Popular Tags
  • Gadgets
  • Popular
OnePlus Nord N20 5G Android Smartphone

OnePlus Nord N20 5G Android Smartphone

  • 11/29/2022
  • 12
  • 243
  • Votes: 0 |NaN out of 5
Fitbit Charge 5

Fitbit Charge 5

  • 11/25/2022
  • 12
  • 228
  • Votes: 0 |NaN out of 5
Moleskine Smart Writing Set 2.0

Moleskine Smart Writing Set 2.0

  • 11/25/2022
  • 12
  • 231
  • Votes: 0 |NaN out of 5
Dyson’s air-purifying headphones

Dyson’s air-purifying headphones

  • 12/13/2022
  • 12
  • 246
  • Votes: 0 |NaN out of 5
View more articles

Resident Manager

P. O. Box Ah 9182, Ahinsan, Ashanti, Ghana +233 27 872 7027 i-desk@allghanadata.com

Categories
  • news
  • institutions
  • entertainment
  • blogs
  • recipes
  • classifieds
Links
  • Home
  • Privacy
  • Classifieds
  • Lifestyle
  • Jobs
  • Sitemap
  • Contact us
Subscribe

©2002-2025 . All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Politics
  • Technology
  • Business
  • Sports
  • Science
Our site uses cookies. Learn more about our use of cookies: Cookie policy
Accept Reject
  • Login
  • Register
Lost Your Password?
or

For faster login or register use your social account.

Connect with Google