John Mahama, the flagbearer of the National Democratic Congress (NDC), has alleged that both local and foreign investors have halted their investment activities until there is a change in government.
He said this was confided to him by investors with whom he had personally interacted.
According to the former president, investors, who play a key role in building a country’s financial sector, have decided to put their investment plans on hold as the current ‘corruption-induced’ economic turbulence in the country is unfavorable for them.
Speaking at the launch of the party’s 2024 manifesto on Saturday, August 24, Mr. Mahama said, ‘Many domestic and foreign investors have adopted a wait-and-see attitude. Many I have met told me they are waiting for a signal from the Ghanaian people that the political and business environment is going to change.’
Ghana, under the current Akufo-Addo/Bawumia administration, has become heavily indebted due to excessive borrowing, with little to show for it. Ghanaians have also expressed their dissatisfaction with the haircut on investments.