Ghana is now the best place to do business in West Africa

Ghana has recently been hailed as the top destination for business in West Africa, according to a recent Ease of Doing Business Report. CNBC Africa met with Yofi Grant, CEO of the Ghana Investment Promotion Centre (GIPC), at the Doing Business in Gauteng event in Accra to discuss the country's plans to boost investments. Grant highlighted the significant reform program underway in Ghana to enhance the business sector. The GIPC offers incentives to investors, such as customs duty exemptions and minimum capital requirements, to attract strategic investments. The goal is to create a rule-based business environment that fosters growth and adds value to businesses. Ghana's efforts have garnered positive outcomes from recent engagements with various countries and regions. A delegation from Ghana visited South Africa, engaging in 101 constructive business-to-business meetings, which led to the creation of new opportunities and partnerships. The visit also highlighted the potential for intra-Africa trade and investment. The focus on specific sectors in Ghana, including energy, infrastructure, and the implementation of the 'One District, One Factory' policy, signals the government's commitment to sustainable development and job creation. The integration of transport systems, construction of inland ports, and emphasis on renewable energy projects showcase Ghana's dedication to fostering economic growth across different industries. Grant emphasized the importance of improving the ease of doing business, streamlining processes for business registration, and facilitating trade activities through advanced technology. Ghana's initiatives aim to attract investments, generate employment opportunities, and create a vibrant business landscape that contributes to the country's overall economic development.