The Chief Executive of Stanbic Bank Ghana, Alhassan Andani, has assured foreign investors that the Ghanaian economy will emerge resolute after the 2016 Elections because of the nation’s impressive record as a beacon of democracy in Africa.
Mr Andani said at a time when investor confidence was low due to the uncertainty of the outcome of the elections, there was a need to convince Ghana’s external partners that the country is capable of running its democratic processes without destabilising the economy.
Speaking at the Graphic Business/Stanbic Bank Breakfast Meeting on Tuesday, he expressed optimism about the country’s economic performance despite the anxiety that has characterised elections over the years.
Mr Andani explained that election years usually take a toll on the financial market; a factor he said goes a long way to affect investor confidence if the right measures are not put in place.
He added that there was a need to demonstrate to both domestic and foreign investors that the economy can withstand the electoral shocks that accompany general elections; a key component of such considerations will be the security implications of the elections.
According to Mr Andani, “What has continued to bedevil our democracy especially the way we manage ourselves especially on the economic front and therefore the consequence of how we can run stable economy outside the rigors of democracy and elections is very important.
“For example the way government will run to ensure that everything we do in the election year is within the normal frame of running our economy and has very little bearing to do with the civil democratic choices we make is very important and that is why we think that”, he said.