Ghana faces investor risks; U.S. pushes IMF aid for American firms, may affect Ghana's future aid.
Foreign businesses are entering contracts with Ghana without fully assessing the country's political risks, warns Bright Simons, Vice President of IMANI-Africa. He points to the example of Zipline's medical drone services, which faced sustainability issues despite government support. Simons cautions that ignoring Ghana's local political economy could make it difficult for foreign investors to recover debts. The U.S. is now urging the IMF to assist in paying American companies, potentially impacting Ghana's future aid eligibility.
2 months ago
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