Accra, Aug.6, GNA – Mr Baybars Altuntas,
Chairman of the Board of Directors of the World Business Angels Investment
Forum (WBAF), an affiliated partner of the G20 Global Partnership for Financial
Inclusion (GPFI), has lauded President Akufo-Addo’s government for having a
He said the various digital initiatives
rolled out by the Government over the past two years, had made the nation
unique and a preferred destination for investment.
Mr Altuntas said the mindset has not only
reflected in the policies and programmes being implemented so far, but also set
up the Business Development Ministry, to champion its entrepreneurial agenda.
Speaking at the opening of the WBAF Office
in Accra on Tuesday, Mr Altuntas said the international community was
increasingly becoming aware of Ghana’s attractiveness as the preferred
Mr Altuntas commended Ghana’s investment and
entrepreneurship credentials when he signed a formal agreement with the
Government of Ghana, represented by the Ministry of Business Development.
The World Business Angels Investment Forum
is an international organization, aiming to ease access to finance for businesses
from start up to scale up, with the ultimate goal of generating more jobs and
more social justice worldwide.
It is committed to collaborating globally to
empower world economic development by creating innovative financial instruments
for innovators, start-ups and small-and-medium scale enterprises.
Mr Altuntas said: “Ten or 15 days ago,
I was watching CNN International on TV. I was just moving from one channel to
another and I saw Africa Market, and I watched the interview from start to end.
The last question of the interviewer was
‘which countries in Africa have very entrepreneurial, SME start-up friendly
In which countries is it easy to make
business?’ The interviewee said ‘there are two countries, and one of them was
Ghana,” the WBAF Board Chairman disclosed.
“I was very happy to hear this because in
February we hosted our general congress in Istanbul, and in congress we had the
World Excellence Awards Gala Dinner as part of the Congress.
We received 32 nominations from 29 African
countries for the Best African Policy-Maker, to the most start-up friendly
Every country was claiming that they have
the best environment.
“When I saw that Ghana was the awardee for
2019, I immediately checked the Reasoning Page, because the jury members, nine
members, prepared a reason why they decided to give this award to a winner.
I saw an interesting detail: they said GDP
in 2018 was very high, one of the highest in the world, and the highest in
Africa. It is very difficult to keep the GDP of a country at more than seven
per cent level in 2018.
“Plus, the activities of the Business
Development Ministry is very interesting. Around the world, we don’t have this
kind of around the world tapping of business.
They put a note as well: ‘We are seeing for
the first time, a country which has a Business Development Ministry.
This is a very good role model for all
countries because business development is what, as a matter of fact, all
governments around the world need.
This is a very entrepreneurial mindset, and
this shows that this Government in Ghana has an entrepreneurial mindset, and is
trying to develop by developing businesses. So the result is the 2019 winner
was the Business Development Ministry.”
The international jury members of the World
Excellence Awards also adjudged Ghana’s Minister for Business Development, Dr
Ibrahim Mohammed Awal as the ‘The Most Business Oriented Minister of Africa’.
Vice President Dr Mahamudu Bawumia, who gave
the keynote address at the launch, underscored Government’s commitment to
creating a business-friendly environment, adding, “Ghana is a haven of peace
and stability, indeed the safest country in West Africa. Ours is a country
where we insist on respect for democratic accountability, rule of law, and
“Our ultimate goal is to make our
economy the most business-friendly in Africa where the private sector and the
business community are at the centre of building a progressive and prosperous
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