Election petition verdict will not significantly change investor perception – Prof Quartey

Economist, Professor Peter Quartey, has expressed optimism that the Supreme Court’s verdict of the 2020 election petition will not significantly change the perception of investors.

According to him, investors have consistently reposed confidence in the Ghanaian economy, as revealed in the sale of government bonds, among others.

The Supreme Court, in a unanimous decision on March 3, 2021 declared that President Akufo Addo had validly won the 2020 Presidential election.

But a response to the impact this could have on foreign inflows, Professor Quartey told JOYBUSINESS, the investor community, regardless of election outcomes, have always trusted Ghana’s economic prospects.

“Those who plan to invest will look at other things like growth prospects, demand for their goods, population, macro stability and fiscal stability, so this outcome will not significantly change investor perception”, he pointed out.

He believes Ghana’s democracy compared with the rest of the world is among the best and void of post-election violence.

According to Fitch Solutions, Ghana’s Risk/Reward Index is the best, among five top West and Central countries. They are Cameroon, Gabon, Ivory Coast, Nigeria and Ghana.

Ghana’s political index is ranked number one whilst operational and economic index are ranked 2nd and 3rd respectively.

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