Ben Arfa made his comeback in victory over Nottingham Forest in the Carling Cup this week.
Ginola told talkSPORT: "When I saw Ben Arfa signing for Newcastle United, I said 'well this is a good signing'. I thought the hardest thing for him would be to settle down in Newcastle.
"But there is no doubt he is very talented. He has got everything to be one of the best players in the country. He was badly injured last year but he will recover from that.
"Newcastle are fourth in the league right now and Ben Arfa will be a very big asset for the club in the future."