According to the Railway Minister, having had a stable political environment for more than two decades is indicative of the sort of stability that any investor would want to take avantage of.
“We have a stable political system. I mean, we are talking about twenty-five to thrity years investment. Well, I have news for you. In Ghana, when you loose an election, you go to court and when you loose the case, you organize a press conference. You don’t even demonstrate.
“And that’s what this President did. He lost an election petition, he didnt agree. And after the court, he sat in his house, held a press conference, and sat in his chair. We all went and shook his hands and wished him better luck next time, and we went home to sleep. Ghana is a politically stable country,” he added.
Contributing to a panel discussion on investing in Ghana at the 2020 Ghana Investment Opportunities Summit in London, Mr Joe Ghartey, who was once the Attorney-General of Ghana, said investors must be inspired by Ghana’s very stable and fair legal system to invest in Ghana. He said the legal system in the country does not favor the Government against private entities and citizens, adding that that is a plus for the country.
“When the government goes to court, sometimes it wins; it looses sometimes too. I mean the fact that you are government doesn’t give you an assurance that you will win. So the first thing I can assure the investors is that we have a strong and stable legal system; a legal system which is fair, and doesn’t fabour government.
“Sometimes you get the feeling that we are too private sector driven that even when you are a government, the Judges seem to assume that you have done something wrong,” he added.
Story by: Samuel Kojo Brace/Skyy News/Takoradi