Accra — Ghana's president has said that the government is committed to transforming Ghana into an international financial services centre.

President Kufuor said that he believed that it was now possible to realise this because of macro-economic stability, investor confidence and a upbeat business climate.

The president believes these features, as well as good governance, will help Ghana to stand out as the best-suited country to provide financial services to the whole of Africa.

Many local experts have said that Ghana is excellently placed to position itself as an offshore financial haven.

"Doing Business in 2006", a recent World Bank survey, placed Ghana as the easiest place to do business in Africa. Being placed as the best in protecting investors, paying taxes and enforcing contracts in the sub-region, has led the World Bank to recognise that Ghana has the potential to house a regional finance hub.