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Foreign direct investment: Attracting foreign direct investment to Ghana : Lessons from the Republic of Korea

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  • Foreign direct investment: Attracting foreign direct investment to Ghana
  • Amoah, George Owusu-Ansah
  • Seoul National University


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Title Foreign direct investment: Attracting foreign direct investment to Ghana
Similar Titles
Sub Title

Lessons from the Republic of Korea

Material Type Reports
Author(English)

Amoah, George Owusu-Ansah

Publisher

[Seoul, South Korea]:Seoul National University

Date 2014-02
Pages 21
Subject Country Ghana(Africa)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Direct Investment
Holding SSRN

Abstract

This article examines the Republic of Ghana’s experience in attracting FDI. Thus, the main thrust of this article is threefold. First, it evaluates the main economic policy adopted by the government from 1970 to 2008 to reverse the post independence economic decline. Second, it examines how the policies facilitated the attraction of FDI inflows to Ghana. Finally, it reviews some of the problems that impede the attraction of value-added FDI inflows to Ghana. A thorough analysis is done with the use of the Diamond model of competitiveness to check the attractiveness of Ghana relative to the Republic of Korea (Korea) to ascertain how best to address this issues. This article argues that a lot still is to be done to attract more FDI and it will be profitable for Ghana to use Korea as an example of best practices in terms of policies for improving the attractiveness of the country.