Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
The Institute of Economic Research and Public Policy (IERPP) in Ghana has questioned the celebration of $2.62 billion in Foreign Direct Investment given the $1.7 billion loss incurred by the Domestic Gold Purchase Program. The institute calls for greater public scrutiny of government financial programs.
Why it matters
It highlights the tension between attracting foreign capital and managing domestic fiscal responsibility in developing economies.
The Institute of Economic Research and Public Policy (IERPP) has welcomed Ghana’s reported US$2.62 billion in Foreign Direct Investment (FDI) saying it is an encouraging sign that international investors still find opportunities and potential in the Ghanaian economy in 2025.
But the Institute says the joy must be tempered with a sober assessment of the huge financial losses involved in the Domestic Gold Purchase Program (DGPP).
“Certainly, we should acknowledge Ghana’s capacity to draw US$2.62 billion in foreign direct investment,” said Prof. Isaac Boadi, Executive Director of IERPP.
He added: “It is a sign that in spite of the economic challenges we are experiencing, international investors still have confidence in the opportunities in Ghana. But we cannot be happy about the money flowing into the economy when we are not looking at the big losses happening in the economy.”
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