As an Experienced Real East developer and a Multiple Award winner, who has been at the investment tables over the past 10 years across the world, discussing how our country Ghana can get huge benefit from investors around the world. Recently, it was amazing to see my President John Dramani Mahama step up and has been on international tour to get these investors coming in, I believe its the job of our Ambassadors to be doing that but a step in the right direction.
Ghana has so many resources to attract investors, a good and stable economy, friendly and hospitable people, so what is actually not bringing the right investors to Ghana?
The solution has been the following:
1. The lack of Good business proposals to get high returns on investment as they fail to clearly communicate value, address investor needs, and demonstrate the proposer’s qualifications in whatever we want them to invest in.
2. Sustainability of their business, focusing on the “three pillars” of people, planet, and profit. It involves integrating economic, environmental, and social responsibilities into daily operations and strategy, addressing issues like climate change, resource depletion, and human rights.
3. security of their business the practice of implementing measures to protect a company’s people, assets, data, and operations from physical and digital threats, such as theft, vandalism, and cyberattacks.
4. Social ties of these in investors, informal and formal connections with various people and organizations, such as customers, suppliers, investors, employees, and government officials, which form a social capital network. These ties provide resources, advice, support, and opportunities, helping a business mitigate risks, improve performance, foster innovation, and navigate market changes. The strength and nature of these ties, whether business or political, influence firm performance and various strategic outcomes.
In view of this, I suggest Ghana lead the way in Africa, to be the first country in Africa to initiate this, Ghana should adopt the module of Issuing Residency by Investment in Ghana, using Real Estate and fund Donations into Ghana Medical Trust Fund (Mahama Cares).
A guaranteed move which will cement the president’s instructions of amending the GIPC law of removing the amount to be invested in Ghana, this suggestion will help investors donate into the fund or purchase a Real Estate property in Ghana to have access to being a resident for a specified number of years renewable. Every Foreigner who wants to stay in Ghana and do business should invest into the National coffers through this medium.
This will help investors enjoy residence status in Ghana and offering more personal security and privacy, also guarantee them their investment and free movement together with their families to and from Ghana and it will help Ghana track and monitor the foreign investors in Ghana in a proper database and in a controlled environment.
In summary, obtaining residency by investment in Ghana offers multiple benefits, such as African mobility to the African Market, business opportunities, improved quality of life in African culture, financial protection, political and social stability, tax benefits and family planning.
AUTHOR:
FRANK ABOAGYE DANYANSAH
C.E.O – DANYWISE ESTATE AND CONSTRUCTION (GHANA/NETHERLANDS)
Member of the Ghana Real Estate Developers Association
FORMER COMMITTEE MEMBER:
Ghana National Housing Policy 2015
Land Use and Spatial Planning Act 2016
Ghana Housing Authority Bill 2022
Ghana Rent Bill 2022
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