Transparency International (TI) Ghana has called on the country to establish and strictly enforce clear, transparent rules and regulations to govern foreign investments, particularly in strategic sectors and critical infrastructure.
Mr Benedict Doh of the TI Ghana said the framework should include effective screening mechanisms, due diligence processes, disclosure requirements and national security reviews.
He noted that some state institutions mandated to attract foreign capital lacked the capacity and resources to operate effectively, weakening oversight.
Presenting research findings at a stakeholder roundtable in Adako-Jachie, Mr Doh also recommended strengthening democratic institutions and civil society to enhance accountability, oversight and participation in foreign investment decisions.
He further called for improved regional and international cooperation to share best practices, harmonise standards and promote responsible investment, while diversifying financing sources to attract well-governed, market-oriented capital responsive to local needs.
Mr Michael Otchere of the Ghana Investment Promotion Centre (GIPC) said measures were in place to protect domestic investors, noting restrictions on foreign participation in retail trading and employment requirements for Ghanaian workers.
Ms Mary Awelana Addah, Executive Director of TI Ghana, emphasised that addressing governance challenges required collaboration among civil society, policymakers, regulators, the private sector and development partners to improve the business climate and build investor confidence.
