24th October 2022 10:21:13 AM
2 mins readThe constant depreciation of the native currency, the Cedi, is frequently cited as a reason why international investors may flee the country.This explains the phrase "poor investor confidence," which refers to an investor's reluctance to participate in investment possibilities in a certain nation due to a concern over losing both their main investment and any profits they may have accrued from it.
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Before investing their money in the local economy, investors consider a number of additional aspects in addition to inflation (the overall increase in prices).In an exclusive interview with GhanaWeb, serial entrepreneur Shakemore Timburwa said that the most striking factor that most investors take into account is the safety of their assets in the nation.
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Investors, he also said, want their monies in safe political and economic environments.Political environments, in that, no political party can terminate a contract of an investor due to partisan politics because the investor, is an independent person in business with government.The serial entrepreneur told GhanaWeb's Ernestina Serwaa Asante in the exclusive interview, "The first thing is to look for the safety of my investment.
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Am I going to return from the investment I am injecting within the economy? As long as that question is not answered correctly, whereby I don't feel safe to say I am injecting my money into the economy and then there's rumours sufficient times for me to return the investment, I will never come.
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""But once I feel the safety of the political, economic environments and inflation rate within the country, then I can be confident as an investor," he added.Mr Timburwa stressed that, "Every country suffers from inflation, depreciation and value addition of their currency. When you are looking at these as an investor, the issue is not really about inflation. Yes, it plays a critical role.
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If I feel safe, even if the inflation is high and I can do my project, It's okay."Meanwhile, government on Thursday, March 24, 2022, injected US$2billion into the economy to stabilize the Cedi.A Cedi is trading against the Dollar, at a buying price of GH¢7.95 and selling at GH¢8.25 pesewas.
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