![\"us](\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2017\/04\/us-bawu.jpg\")
<\/p>\nVice President, Dr. Mahamudu Bawumia, has re-echoed the NPP government\u2019s plan to make Ghana an investment destination for investors as it commits to maintaining economic stability.<\/p>\n
[contextly_sidebar id=”lxURoF02XHgFrqTiGPNPu5BE37iSct6p”]At a gathering of investors and other stakeholders in the Diaspora, the Vice President outlined efforts by the government to restructure the economy and reduce the challenges that have hampered investments into the country.<\/p>\n
\u201cOur mission is clear, to make Ghana the most successful and business friendly economy in Africa,\u201d he said.<\/p>\n
\u201cThis government will control the debt and get Ghana working again,\u201d Dr. Bawumia added.<\/p>\n
<\/p>\n
The NPP government explains that the concerns expressed by investors and the international community over Ghana\u2019s debt profile, which ballooned from $9.5 billion in 2008 to $122 billion in 2016, also make it prudent to redefine the economic fundamentals.<\/p>\n
As a result, the NPP government believes its \u00a0efforts to restructure the country\u2019s existing debt away from the current short term, high interest loans to longer term, lower interest loans, will save Ghanaian tax payers money.<\/p>\n
\u201cInternational investors demonstrated their confidence in this government\u2019s strategy two weeks ago when they flocked to purchase $2.25B in cedi denominated bonds which would be used as part of the re-profiling to replace the more expensive debt with less expensive debt,\u201d government said in a statement.<\/p>\n
![\"bawu](\"http:\/\/citibusinessnews.com\/wp-content\/uploads\/2017\/04\/bawu-us-1.jpg\")
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Other attempts by the government to increase revenue include fighting corruption, erasing ghost workers from the payroll, lowering taxes, addressing the energy crisis and creating an environment that is conducive to investment.<\/p>\n
Dr. Bawumia was part of a delegation that includes the Senior Minister, the Minister of Finance, the Governor of the Central Bank, the Chairman of the Finance Committee, the CEO of GIPC, and the President\u2019s Advisor for Media and Special Projects.<\/p>\n
The team visited London, New York and Washington DC.<\/p>\n
–<\/p>\n
By: Citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Vice President, Dr. Mahamudu Bawumia, has re-echoed the NPP government\u2019s plan to make Ghana an investment destination for investors as it commits to maintaining economic stability. [contextly_sidebar id=”lxURoF02XHgFrqTiGPNPu5BE37iSct6p”]At a gathering of investors and other stakeholders in the Diaspora, the Vice President outlined efforts by the government to restructure the economy and reduce the challenges that […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,11],"tags":[],"yoast_head":"\n