Press highlights $874m investments recorded in half year, others

Press highlights $874m investments recorded in half year, others

The report of 874.01 million dollars’ worth of investments from 122 projects in the first half of 2021 amid the COVID-19 pandemic and the survey which says that unemployment remains the major issue Ghanaians want the government to address are some of the trending storoes in the Ghanaian press on Tuesday.The Times reports that Ghana’s attractiveness as an investment destination has proved resilient amid the COVID-19 pandemic, with the country raking in 874.01 million dollars’ worth of investments from 122 projects in the first half of 2021.

Of the total investment of US$874.01 million, the Foreign Direct Investment (FDI) component amounted to US$829.29 million while the local component accounted for US$44.72 million.

The FDI amount of US$ 829.29 million was a remarkable increase of 32.15 percent in inbound FDI compared to the FDI value of US$ 627.52 million recorded in the same period last year.

“This strong FDI performance in the first half of the year was driven by success in key sectors including the services sector with 63 projects at an estimated value of US$ 597.63 million, the manufacturing sector with 24 projects at a value of US$98.74 million, as well as general trading and Building and construction with FDI values of US$41.87 million and US$22.63 million respectively,” a statement issued by the Ghana Investment Promotion Centre (GIPC) in Accra yesterday has said.

It said, with operations at full capacity, the projects registered so far, have the potential to generate 8,931 jobs, thereby improving aggregate employment.

The Graphic says that unemployment remains the major issue the people want the government to address, a survey conducted by the Centre for Democratic Development (CDD-Ghana) has revealed.

And in spite of the scourge of the COVID-19 pandemic, the survey also showed that health was the fifth top priority of the people, with roads and infrastructure, education and the management of the economy coming second, third and fourth, respectively.

Dubbed CDD-Ghana 2020 Post-election Survey, the research was conducted from May 23 to June 3, 2021, with a sample size of 2,400 people randomly selected from across the country.

The Director of Research of CDD-Ghana, Dr Edem Selormey, who presented the findings in Accra yesterday, said with the exception of the 2020 pre-election survey, unemployment continued to be the topmost priority in many of the researches conducted by the organisation.

“Health came in fifth, which is a little surprising, in view of the fact that we are in a pandemic,” she said.

The […]

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