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Deal with corruption if you want to attract investors- Lord Mayor of London

Written by  Oct 05, 2015
The Lord Mayor of London, Alan Yaro has stated that if Ghana wants to attract businesses and international partnership to work together with our local business community then we should try our best to work hard enough to deal with issues of corruption. He said that we are leaving a very competitive environment globally which means that there are risk involved in for investors to invest their resources in any country and therefore any investor looks forward for a better environment and confidence to do business. He indicated that, ‘’this a very competitive world we talking about there, infrastructure in the next 40 years is going to greater than the money spent over the last 4,000 years. That means that is a huge competition for that extra dollar, or that extra pound, euro and therefore that risk money is going into projects with the lowest risk and highest returns and that means they are risk which are Ghanaian risk which needs to be resolved’’…Those risks have to do with issues of corruption, rule of law’’. He revealed that investors only want an assurance of protection over their investments which means Ghana has to boldly properly ensure that the rule of works. He boldly said that these things are very important for the next stage of Ghana’s development. The Lord Mayor London indicated that investors would surely come down especially from the United Kingdom if they are well assured that they would be protected because those who manages our ‘’money’’ (investors) needs to make sure that those monies are protected. ‘’The person that is managing the money, they are managing it for a third party and they have a far duty to make sure that money they are managing is protected as much as possible as it can be and that means if they have to come to Ghana’’ (investors) ‘’they need to be reaasured that the rule of law protects the investor’’.
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