ICYMI: Accra Is 2nd for Foreign Investments in Africa
Accra, the capital of Ghana, has been ranked the second most attractive destination for Foreign Direct Investment (FDI) in Africa, according to PwC, a global lead auditing firm.
In its latest report entitled ‘Into Africa: The Continent’s Cities of Opportunities’, which was released at the ongoing Africa CEO Forum in Geneva, Switzerland, it added that apart from the above, the city also had a diversity of gross domestic product (GDP).
According to the report, Nairobi, Kenya beat all the 20 countries in the report in area of FDI, while Dar es Salaam topped the group in the GDP bracket.
Accra is a good example of a city that has a good reputation throughout Africa and beyond for the quality of its communications infrastructure, low crime rates and steady democracy, the PwC’s maiden report cited.
The report stated: “Most of the African cities with promise can (and will), with a little effort and organisation, climb to join those cities at the top of our overall ranking. Moreover, many of them have already become key regional platforms, such as Dar es Salaam and Douala as centres for telecommunications, Accra and Lagos for culture, and Nairobi for financial services.