Ghana to Attract More Investments

The Ghanaian economy will continue to attract investment into energy, construction and services industries in 2013.

Head of Research at Databank Financial Services Limited, Accra , Sampson Akligoh, said this in a report by Bloomberg.

Akligoh said: “We see this trend continuing together with the associated demand for dollars to import inputs,” he said, forecasting the cedi at 2.01 a dollar by the end of 2013.

Ghana’s economic growth set to beat the African average for a sixth year in 2013, risks boosting imports and fueling further weakness in the region’s third-worst performing currency, according to Standard Bank Group Limited and Ecobank Transnational Incorporated.

The cedi, which has declined 14 per cent against the United States currency in 2012, may slump to 2.15 a dollar over the next 12 months, according to Ecobank’s head of Economic Research, Angus Downie and Emerging-Markets Strategist at Standard Bank, Samir Gadio.