Ghana could rake in more Foreign Direct Investment if it positions itself well in the export and extractive industry in the wake of UK’s exit from the European Union.
According to an economist with the Institute for Fiscal Studies (IFS), Badu Sarkodie, Ghana can leverage on the decision to make inroads in the European market.
He wants some policy direction in some critical sectors that stand to benefit from the exit. He was speaking to Starr Business about the implications of BREXIT to trade for Ghana in the global contest.
Earlier, Finance Minister Seth Terkper had hinted government is keenly monitoring the fallouts to avert any negative impact on the economy.
Some economic analysts believe the Ghana Cedi may depreciate further in the coming days following the UK’s decision to exit the Union. But Tekper disagrees.
Meanwhile, a new survey has revealed that some companies are likely to impose a hiring freeze following Britain’s vote to leave the European Union.