First National Bank's experts to discuss “Where to invest in Africa Report”

Source: Ghana| JoyBusiness
Date: 16th-april-2018 Time:  6:34:48 pm

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Experts from the First National Bank are set to discuss the ‘Where to invest in Africa Report’. The third edition of First National Bank's Economic and Business breakfast forum will be held in Accra on Wednesday.

The high-profile event will be graced by the award-winning team from Rand Merchant Bank’s (RMB) Global Markets who will discuss the economic direction of Ghana and the African continent.

Renowned RMB Africa analyst, Celeste Fauconnier will use the occasion to throw more light on the findings of the Rand Merchant Bank’s seventh edition of ‘Where to invest in Africa’ Report which saw Ghana drop slightly in the latest ranking of best investment destinations in Africa.

According to the report, Ghana’s slide to fifth position from fourth last year was mostly due to perceptions of worsening corruption and weaker economic freedom.

The RMBs Investment Attractiveness Index balances economic activity against the relative ease of doing business and illustrates how subdued levels of economic activity have diluted several scores on the index when compared to last year, resulting in some interesting movements within the Top 10.

"Ghana’s economic environment continues to improve, especially with exports growing. But it remains heavily exposed to international price trends and requires considerable fiscal consolidation. More sustainable growth will be needed in coming years and we believe that Ghana is on the right path,” Victor Yaw Asante, Head of Corporate, Commercial and Investment Banking, First National Bank.

"We are very excited about hosting this crack team from the First Rand Group. Events such as this provide the opportunity for players and managers of the Ghanaian economy to take stock of past activities and chart the way forward," he said.

"As a bank with long commitment to Ghana, we have assembled Ghanaian experts who will discuss and assess the report and recommend the way forward for the country and businesses," Mr. Asante said.

First National Bank Ghana is a subsidiary of South Africa’s FirstRand Group which is the largest bank by market capitalisation listed on the Johannesburg Stock Exchange Africa’s largest bourse. First National Bank is leveraging off the experience and financial muscle of its parent company to excel in Ghana.

The bank is head quartered in South Africa and also has a presence in Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Kenya, Angola and Tanzania.

 

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