The government must focus on building a friendly business environment to attract more investments and look within to raise capital to accelerate the country's growth, the Senior Vice President and Chief Economist of the World Bank, Indermit Gill, has stated.
According to him, the global environment for raising capital was getting tough for Ghana and it was through increased Foreign Direct Investment, that the country can raise the necessary capital to support the economy.
Mr Gill made the call at the launch of the World Bank Group flagship report, World Development Report (WDR) 2024, in Accra on Thursday.
The report titled; 'Middle-Income Trap,' outlines growth strategies to help Middle-Income Economies (MIE) to escape debt traps and emphasises on investment, infusion and innovation to propel the growth of MIEs. "The global environment is not getting any easier for a country like Ghana, which means that the domestic environment has to become even better or faster," according to Mr Gill.