{"id":6063,"date":"2014-03-13T16:30:52","date_gmt":"2014-03-13T16:30:52","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=6063"},"modified":"2014-03-13T16:30:52","modified_gmt":"2014-03-13T16:30:52","slug":"global-economic-slowdown-accounted-for-decline-in-2013-fdi-gipc","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/03\/global-economic-slowdown-accounted-for-decline-in-2013-fdi-gipc\/","title":{"rendered":"Global economic slowdown accounted for decline in 2013 FDI – GIPC"},"content":{"rendered":"

\"gipc\"<\/a>The Ghana Investment Promotion Center (GIPC) has attributed last year\u2019s decline in foreign direct investment to slowdown in growth in the major economies that contribute hugely to investment in Ghana.<\/p>\n

Foreign Direct Investments (FDIs) legally registered declined to $3.946 billion representing about 19.5 percent drop from $4.904 billion recorded in 2012.<\/p>\n

Speaking to Citi Business News<\/strong>, the Chief Executive officer of the GIPC, Mawuena Trebah stated that the foremost significant challenge was the global economic downturn.<\/p>\n

\u201cThere was clearly a major slow down in the various major economies that are contributors to the major foreign direct investment. Globally if businesses are not making major investment or their restructuring or downsizing they are unlikely to look at new investments opportunities overseas,\u201d she explained.<\/p>\n

She added that investors were also skeptical because Ghana was in a phase of correcting some its poor macroeconomic indicators which was fallout of the 2012 election.<\/p>\n

\u201cIndeed in 2013 there is every concession that the country is going through a transition process in trying to stabilize certain macroeconomic indicators. I think the country has been successful in going through that challenging process\u201d, she said.<\/p>\n

Mawuena Trebah was speaking to Citi Business News<\/strong> after a national stakeholder\u2019s dialogue on the new GIPC Act<\/p>\n

 <\/p>\n

By: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Ghana Investment Promotion Center (GIPC) has attributed last year\u2019s decline in foreign direct investment to slowdown in growth in the major economies that contribute hugely to investment in Ghana. Foreign Direct Investments (FDIs) legally registered declined to $3.946 billion representing about 19.5 percent drop from $4.904 billion recorded in 2012. Speaking to Citi Business […]<\/p>\n","protected":false},"author":5,"featured_media":6065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[21,4],"yoast_head":"\nGlobal economic slowdown accounted for decline in 2013 FDI - GIPC - Citi 97.3 FM - Relevant Radio. 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