Coronavirus Could Impact FDI Inflows to Ghana – Yofi Grant

The Ghana Investment Promotion Centre (GIPC) is concerned the Coronavirus Pandemic could hugely impact inflows of foreign direct investment to Ghana.

It all falls on the Coronavirus outbreak which has already seen global stocks losing over $3 trillion just before the end of the first quarter of 2020.

With a limit on capital inflows and transactions as many economic enforce social distancing measures to contain or prevent the virus, CEO of the GIPC, Yofi Grant tells JoyBusiness there is no option than to lower expectations for FDIs in 2020.

Mr Grant said “Many countries have banned large meetings; on this side of Ghana the presidency has issued a temporary travel ban which is in order because of the scourge of the Coronavirus and many other countries have even closed their flights and that would impact the flow of capital.

“World markets have lost so much value – as at last week about $6.5 trillion was lost on the global stock exchange. This definitely leaves us with no option than to reduce our FDI target.”

Yofi Grant spoke at the sides of a CEOs breakfast meeting by GIPC which walked business executives through Ghana’s Company Act.

The coronavirus (COVID-19) outbreak could cause global foreign direct investment (FDI) to shrink by 5%-15%, according to an UNCTAD report published on 8 March.

The UN trade body had projected earlier a stable level of global FDI inflows in 2020-2021 with a potential increase of 5%. Now it warns that flows may hit their lowest levels since the 2008-2009 financial crisis, should the epidemic continue throughout the year.

COVID-19’s negative impact on investments will be felt strongest in the automotive, airlines and energy industries, the report says.

Although the economies most severely affected by the epidemic will be the hardest hit, shocks to consumer demand and the economic impact of supply chain disruptions will affect investment prospects in other countries.

“The ripple effect could cause a major setback to efforts of government around the globe to attract the private investment needed to achieve sustainable development objectives,” UNCTAD Secretary-General Mukhisa Kituyi said.

So far, President Akufo-Addo has banned the country’s public officials from foreign travels as the deadly coronavirus scourge continues to spread.

Covid-19 has infected more than 115,800 persons, killing over 4,200 worldwide. This also falls in line with Ghana recording its first two cases.

While the number of new cases in China – the epicentre of the outbreak – slowed down tremendously, the scourge is now gaining pace around the world with cases confirmed in Algeria, Burkina Faso, Togo, Tunisia, Morocco, Egypt, Senegal, and Nigeria.

The temporary travel ban comes days after Akufo-Addo called for greater care, advising Ghanaians against shaking hands.

Ghana has already begun establishing “isolation and treatment” centres for potential cases. The government has also procured some 5000 personal protective equipment for health workers in anticipation of the arrival of potential cases. Ghana has firmed up the protocol for inbound traffic from countries affected by the fast-spreading coronavirus (COVID-19) in a bid to prevent the disease from entering the country.

President Nana Akufo-Addo revealed this on Wednesday, March 11, 2020, in a televised national address on measures the government has put in place in the wake of the coronavirus outbreak that has now been declared a global pandemic by the World Health Organization (WHO).

He explained that a recent directive from the Jubilee House banning all ministers, Deputy Ministers, Metropolitan, Municipal and District Chief Executives (MMDCEs) and heads of government agencies from foreign travels is among measures to quell a possible outbreak of the disease in Ghana.

Apart from revealing that there have been major enhancements of protocol for travellers entering Ghana from countries that have confirmed cases of the deadly zoonotic disease, he did not provide details of these enhanced protocols. Already, cases of the coronavirus that emerged in the central Chinese city of Wuhan in late December 2019 are being reported daily around the world.

Source: MYJOYONLINE

We Will Incentivize Companies that Drive Achievement of SDGs- GIPC

Mr. Yofi Grant, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), has said the Centre will incentivize companies that would help the nation achieve the Sustainable Development Goals (SDGs).

Speaking at the Centre’s 2020 Economic Counsellors Dialogue organised by the GIPC in Accra on Thursday on the theme: “Promoting a Stable Business and Investment Climate; The New Companies Code.”, he said  in the past SDGs were considered as projects but should rather be part of the policy framework of companies to ensure a holistic development.

He stated that the Centre seeks to ensure that Ghana remains the preferred place for Foreign Direct Investment in Africa. Additionally, he said, the country must set the pace for others within the continent to emulate for sustainable economic development. Mr Grant, speaking on the implementation of the GIPC law, said the delays encountered was to ensure that the right mechanism were put in place to create a healthy business environment. He said the Centre is working closely with related institutions and ministries to come out with a comprehensive document for the GIPC law.

Madam Diana Afriyie-Addo, Team leader, Business Regulatory Reforms Unit, Ministry of Trade and Industry, presenting on the Business Regulatory Reforms (BRR) programme, said the programme was to enhance increased entrepreneurship investment, industrialisation and transformation of the economy.

She said it was also to ensure that business regulations were simple, transparent and predictable. “This will clean up or simplify existing business regulations that are inefficient or not business friendly whiles maintaining adequate protections for consumers and the environment,” Madam Afriyie-Addo said.

She said the programme would improve how business regulations were produced by ensuring that new regulations met an agreed minimum criteria. She said an inventory of business related acts legislative instruments, regulatory notices and administrative directives would be made available in a single electronic register dubbed the “E- register.” Madam Afriyie-Addo said the platform would provide businesses with an easily accessible one stop repository of up-to-date information on all business regulations in force in Ghana.

Madam Matilda Osei, Representative of the Registrar General’s Department, who spoke on the New Companies Act 2019, said amendments have been made to the companies Act 1963 to suit modern business development globally. She said some changes in the Act include the creation of office for the registrar of companies, persons 18 years and above may apply for incorporation of a company, company’s regulation is now referred to as constitution.

Additionally, she said the New Act requires a conflict of interest registrar, introduction of companies bulleting and data base, directors are require to file a declaration of not being convicted of any criminal offence the past five years. She said by the Act, the issuance of certificate to commence business by the registrar of companies has been abolished, secretaries of companies must be qualified lawyers or Chartered Accountant.

Source: GNA

Investment Opportunities in Ghana are Enormous – GIPC

The CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant says the government’s flagship programme One District One Factory (1D1F) presents unlimited opportunities for both internal and external investors to thrive.

According to the GIPC boss, the 1D1F initiative coupled with other business programmes being implemented make investment opportunities massive in Ghana. Speaking to Citi FM, he said, “I seriously believe that the Ghana opportunity is almost limitless at this moment.

I mean we have bauxite, oil and gas, iron ore, lithium, manganese, so we do have quite a significant amount of mineral resources which we haven’t exploited yet, and so for me, that is not even the limit to it because we have the 1D1F which is a fantastic opportunity for investors both internally and externally”.

Although he said the GIPC could miss the $10 Billion dollar target for this year, he touted Ghana’s friendly investment terrain bringing in some significant gains. “We have our railways and others. So for us at GIPC, I still maintain that we should tag it 10 billion dollars for the year. We may not reach it, but there are other opportunities coming up.

“Some of these projects that we see unfortunately the gestation period is normally longer than a year so by the time you actually write into your books its gone beyond a year,” Laudbusiness.com, reports.

Source: Ghanaweb

Air Malta to Commence Operations in Ghana This Year

Government and authorities in Malta are in talks to allow the national carrier of Malta to commence flying to Ghana in the second quarter of 2020.

According to the Chief Executive of the Ghana Investment Promotion Centre (GIPC), Yofi Grant Air Malta is ready to fly to Ghana as it looks forward to expanding its Africa reach.

Speaking to JoyBusiness at the Second Ghana and Malta Business Forum in Accra, Mr Grant said both countries will benefit from the deal if it finally goes through.  “We’re still in the process because we want to get the concept right as on the regulatory requirements, whether it will be airline operations involving a direct flight from Malta to Accra or a transit to the other African countries and vice versa,” Yofi said.

The decision to enter Ghana’s aviation industry is part of Malta’s efforts at opening up key sectors of its economy to the world. Per the ongoing discussions, Malta will be given the opportunity to venture into airline operations, logistics and transportation in the country’s aviation space due to Ghana’s strategic business climate that makes it one of the best economies in the sub-Saharan Africa region.

On his part, Minister of Economy, Investment and Small businesses of Malta Silvio Schembri believes that Ghana stands out among many African countries hence the decision to use Ghana in entering the African markets. He further urged Ghanaian companies to take advantage of the new incentive given to Ghana-Maltese relations by the reciprocal high-level visits and invest in Malta.

The occasion was used to sign five agreements between selected agencies in Ghana and Malta. The agreements between the governments of Ghana and Malta are on medicine, bilateral air services and aquaculture.

Silvio Schembri said “Ghana must consider Malta as its home in Europe; a partnership of growth and economic prospects. For example, we have an experienced and robust project management system. Once we build strong relations we can identify projects that both countries can collaborate and work on.”

Source: MYJOYONLINE

Yofi Grant Urges Ghanaian Football Clubs to Put Right Administrative Structures in Place to Attract Investors

Chief Executive Officer (CEO) of Ghana Investment Promotion Centre (GIPC) Mr Yofi Grant has urged Ghanaian football clubs to put the right structures in place to able to attract corporate investors.

The multifaceted administrator schooled the Ghanaian clubs to streamline their administrations to entice corporate institutions. He said, “Our football administrators probably need to pick up the pace a bit, because like I said infrastructure is important, the micro economy is important, the infrastructure is not just the stadia, the infrastructure relates to the legal regime affecting footballers, the protection they get, the insurance, the financials, the sponsorship, there is merchandise all those put together form the infrastructure of the sports”.

Adding to the organizational framework, Grant called for a thorough rebuilding process at the club level. “Clubs have to market their brands.

There is no shop in Accra I can walk to buy Kotoko or Hearts T-shirt. But I bet you I can buy Arsenal, Manchester United, Man City Chelsea, etc in Ghana. So these are all the opportunities Merchandise. Sports are big, our corporates will rather go and put money in Miss Ghana because they see that a lot of people will watch it. But more people will watch sports in this country than any other thing.

So sports itself is a commodity that can be a good package, well marketed and it is an investment opportunity. I think that the structure gives some tax relief to sports investment and the cooperation, but the marketing hasn’t been done well”.

He concluded by lamenting the no sponsor syndrome in the GPL despite the recent change in the Ghanaian terrain. “I am very sad we couldn’t get a headline sponsor for the League. And I guess the headline sponsors never saw the returns”.

Source: Ghanaweb

eCampus represents Ghana in US$50k startup challenge in Dubai

After emerging winner of the National Entrepreneurial Pitch Competition in Ghana, eCampus LLC will represent the country in this year’s global Annual Investment Meeting (AIM) in Dubai to compete for a US$50,000 grand prize.

Prior to being adjudged the national winner in Ghana, eCampus pitched against other start-ups such as TalentinAfrica, Divine Brainz Ghana, NASPA Auto Spa and Service Hub. The event which is slated for March 24, 2020, according to the Ghana Investment Promotion Centre (GIPC), will offer the platform for eCampus to compete with about 100 start-ups globally for the grand prize with the sponsorship covering flight, accommodation and VIP passes.

The key objective of the Pitch Competition was to discover Ghanaian start-ups with huge potential to expand and to penetrate the global market with confidence. AIM, an initiative of the UAE’s Ministry of Economy is one of the leading platforms for Foreign Direct Investment (FDI).

It is also the largest global investment gathering of corporate leaders, policy makers, businessmen, regional and international investors, entrepreneurs, leading academics and experts showcasing up-to-date information, strategies and knowledge on attracting FDI.

Director of Investor Services at the GIPC, Edward Benjamin Ashong-Lartey said the domestic competition formed part of Ghana’s preparation to participate on the global scene in Dubai.

“The key objective of the Pitch Competition was to discover Ghanaian start-ups with huge potential to expand and to penetrate the global market with confidence” he said. The GIPC is confident the event would connect businesses and countries willing to engage in sustainable partnership with investors.

Mr Ashong-Lartey explained that while the start-up ecosystem in Ghana was still developing, the country is beginning to witness a new generation of entrepreneurs. Cecil Senna Nutakor, Founder and CEO of eCampus said it was an honour to emerge the winner to represent the country.

eCampus is a mobile application that enables students to learn, practice and do research on digital gadgets like mobile phones and computers.

Source: Goldstreetbusiness

Ghana Receives €4.1m EU Grant to Help Export Diversification

Yesterday at the Ministry of Trade and Industry, the official signing ceremony of the Economic Partnership Agreement under the Ghana Component of the EU -West Africa Competitiveness Programme was held. The Agreement comprises of four (4) projects at the tune of 4 million euros, which is to support Ghana’s competitiveness and implementation of the Agreement.

Representing the Ministry and the Government of Ghana was the Minister for Trade and Industry, Hon. Alan Kyerematen. Other senior officials present to witness the signing were the Deputy Minister for Trade – Hon. Carlos Ahenkorah, the CEO of the Ghana Export promotion Authority (GEPA) Dr. Afua Asabea Asare and Mr. Yofi Grant of the Ghana Investment Promotion Centre (GIPC).

Mr. Kyerematen in his opening remarks acknowledged the continuous support of the EU to the Government of Ghana. He stated “I wish to express our appreciation for the continued support received over the years from the European Union, and towards stimulating inclusive growth and sustainable development. We hope this relationship will continue well into the future”.

He noted that, the coming into force of the interim Economic Partnership Agreement (EPA), and full implementation expected to commence soon with the finalization of the Market Access Offer, Ghana expects to have access to EU markets with a more diversified portfolio of products. He also mentioned that as a country, we want to move beyond export of agricultural products and oil.

“We are implementing a comprehensive programme of Industrial Transformation anchored on Ten Point Plan. This programme seeks to make Ghana the manufacturing hub of Africa” he stated.

The European Union, represented by the Head of the Delegation to Ghana, Mrs. Diana Acconcia, stated the grants will allow the Government of Ghana to manage the implementation of the interim Economic Partnership Agreement (iEPA) between the EU and Ghana and its accompanying measures: a grant of 800,000 Euros to the Ministry combined with a Technical Assistance of 2.9 million euros.

She added that, the support to the Ministry is complimented by two grants for value chain development. The GIPC will be supported with 147,000 euros while GEPA will be supported with 221,000 euros.

These grants according to the EU are aimed at improving Ghana’s competitiveness and to increase and diversify its exports not only to the EU but also West Africa, the African Continent and the rest of the world.

Source: GIPC

Ghanaian Businesses Urged to Exhibit Creativity at 2020 Africa-France Summit

Madam Anne Sophie Avè, the French Ambassador to Ghana, has encouraged Ghanaian businesses to exhibit their creativity at the 2020 Africa-France Summit to be held in Bordeaux, France from June 4-6. She noted that Ghanaian companies had talents and a lot of creativity, and she was hopeful would exhibit their traits and showcase the dynamism in Ghana, for France and other African countries to be delighted in bringing them to a large scale.

Madam Avè made these remarks in an interview with the Ghana News Agency (GNA) in Accra, during the presentation of the ‘2020 Africa-France Summit and the City of Solutions’ to Ghanaian companies. The event was organised by the French Embassy in partnership with EIB, the local contact for the registrations for the 2020 Africa-France Summit.

The companies were invited through the Ghana Investment Promotion Centre (GIPC), Ghana Club 100 and several other businesses associations such as the French Chamber of Commerce in Ghana, the Private Enterprise Federation and the Association of Ghana Industries.

The Summit, which would be held from 4-6 June 2020 will witness the French President, Emmanuel Macron, welcoming 54 African Heads of State, along with their ministerial delegations and regional decision-makers, as well as private businesses, financial institutions, members of the diaspora and civil society organisations.

At the core of this summit will be the City of Solutions, a trade fair opened to the project leaders, companies, civil society and institutions that will change the face of urban centres. Over 500 companies will be presenting their products and services to 25,000 visitors.

Madam Avè told GNA that the summit was mainly a business summit trying to make connections and linkages with French businesses and the world. She stated that as a representative of the President and French Government in Ghana, the Embassy’s role was to create the awareness and to ensure they spearheaded the advertisement of the summit, specifically in Ghana.

Madam Avè said the Embassy would help to facilitate the delivery of visas and to help with air flight.

Mr Olivier Martiel, Head of the Economic Mission at the French Embassy, also told GNA that the key objective of the event was to build networks with French companies, French organisations, French local authorities and also among West African countries.

He further explained that the event would not be the usual political summit but also a networking summit highlighting the business aspect of the conference.

Mr Yofi Grant- Chief Executive Officer of GIPC, said there were a lot of Francophone countries in Africa, however, Ghana being an Anglophone country was able to position itself for opportunities, and always in the limelight.

He noted that as Ghana was moving from an economy that was based mainly on the export of raw materials and resources into one based on value addition and manufacturing, one of the key areas it needed was to pay attention to, packaging.

He described packaging as an important aspect in marketing and selling of products, especially for exports, adding that “we do have a whole host of exportable products and we need to pay a bit of attention to presentation”.

Mr Grant noted that, this made a difference for some consumers, saying, “the way and how is packaged, and the fact that these are Ghanaian products, and possibly for agric products whether they are organic or inorganic products; all these things really matter”.

Source: Ghana News Agency 

WAITEX Forum to Boost Manufacturing, Mining and Packaging Sector

The 2020 West African Industrial and Trade Exhibition (WAITEX) has been launched in Accra with a key focus to boost the manufacturing, mining and packaging sectors of Ghana.

As a forum for trading, business networking, learning, and product sourcing, WAITEX is expected to take place from April 21-23 at the Fantasy Dome of the Trade Fair Grounds in Accra with an anticipated 2,000 visitors, with 50 exhibitors already booked and over 80 more expected.

The exhibition is on the theme: “Supporting Ghana’s Fourth Industrial Revolution” According to Regional Director-West Africa of the Afrocet Montgomery Group, the exhibition seeks to create an environment where indigenous businesses foster partnerships that promote trade exchange. George Pearson speaking at the press launch of the exhibition on Wednesday, February 19 in Accra explained that the event is important for Ghana because it focuses on key parts of the economic growth plans laid out by the government. “These include the manufacturing, mining, and packaging sector.

The manufacturing sector is one of Ghana’s key Industrial Transformation Agenda including the popular one district, one factory (1D1F) among others and this is backed by the average annual growth of exceeding 10 percent for the three years in the industrial sector.” “The packaging sector is also very important because of the challenge of poor packing quality often on offer making finished good unattractive and extremely difficult export because of the quality,” Pearson noted.

Pearson adds that Ghana’s mining sector has been a vital export industry is now bouncing back after a few years of difficulty. “This has been brought to the fore in the recent reopening of Ghana’s flagship mines; AngloGold Ashanti, with President Akufo-Addo making the first pour. With the element in place, the timing is right for an event to provide the networking platform for all the industry stakeholders to congregate annually and this is why WAITEX has been launched,” George Pearson said.

Victoria Akosua Cobbah, a Principal Investment Promotion Officer at the Ghana Investment Promotion Centre (GIPC) lauded the organisers of the exhibition, the Montgomery Group for selecting Ghana as the go-to destination to the exhibition. “WAITEX 2020 is a testimonial that Ghana is the go-to destination for high performing investment on the continent and I would like commend the organisers for a good work so far which will contribute to promoting Ghana as the leading country for mining, industrialization, packaging and health/safety investment destination,” she noted.

Akosua Cobbah urged Ghanaian companies doing business in the mining, manufacturing and packaging sectors to leverage on the trade and investment opportunities the exhibition offers and sign up as exhibitors in order to fully partner with international companies coming in. Mr Dominic Oduro-Antwi, the President of the Ghana-India Trade Advisory Chamber, said the fair would encourage and deepen trade networking amongst participants.

Source: Ghanaweb

AFCFTA Takes Center Stage at 2nd Ghana Investment & Opportunities Summit (GHIOS) 2020

The 2nd Ghana Investment and Opportunities Summit 2020 lived up to all it was billed to be: an oversubscribed gathering of prospective and current investors, keen on taping into the rising global interest in doing business in Africa and to be a part of Ghana’s success story and economic transformation.

As was a common theme throughout the two- day summit, participants were keen to be a part of the single trade market which will bring together some 55 African countries with a combined population of 1.3 billion – the African Continental Free Trade Area (AfcFTA), whose secretariat will be hosted in Accra.

The Summits’ theme of Accessing the African Common Market through Ghana: Technology, Digitalization and Industrialization, meant that the situating of the AfcFTA secretariat in Accra and the opportunities it offered for investors was stressed on at every turn by keynote speakers,  moderators and panellists and by a majority of the searching questions and contributions that were made by delegates.

The GHIOS 2020, a collaboration between the Ghana Investment Promotion Centre (GIPC), The Ghana High Commission in UK and the GHIOS Committee was held on the sidelines of the UK Africa Investment Summit and organized with the aim of supporting the government of Ghana’s continuous engagement with the United Kingdom (UK), highlighting and discussing new policy direction and showcasing the Ghana offer to potential and existing investors both from the UK and the Ghanaian diaspora.

The Chairman of the Organizing Committee of the Summit, Mr. Alex Dadey, in his opening remarks stated the need for the areas of agriculture and agribusiness, information technology, manufacturing, infrastructure, tourism and hospitality to be a primary focus if the common trade area was to be maximized.

The President of Ghana, H.E Nana Addo Dankwa Akufo-Addo in his opening remarks hailed the summits’ burgeoning reputation as facilitating partnerships between Ghana and British businesses.  He stated that the secretariat would be up and running by March and trading in the World’s largest free trade area would commence in July.

The President is of the belief that the expected increase in intra-regional trade in Africa will result in marked progress in Africa and a rapid increase of agricultural, financial, technological and industrial, scientific exchanges, leading to jobs and prosperity for the African people.

However, he said, it is the  responsibility of  African governments to create an atmosphere for the private sector to thrive and create jobs, to promote access of capital to businesses maintaining macroeconomic stability and a strong adherence to the rule of law and a fair and equitable social system in healthcare and education.  Ghana according to the President is addressing all of the aforementioned responsibilities to ensure Ghana takes full advantage of the AfcFTA.

Finance Minister, Mr. Ken Ofori-Atta in his address to delegates also harped on objective of the AfCFTA -to create a single market for goods, services and investments facilitated by free movement of people to promote and attain sustainable and inclusive socio-economic development, gender equality and structural transformation of member states.

The AfCFTA should anchor Ghana’s plan to transform Ghana into a regional hub – aviation and logistics, education, healthcare, religion, manufacturing, petroleum and financial services. The clarion call for Africa to take advantage of investments in Ghana was stressed on by the Chief Executive Officer of the GIPC Mr. Yofi Grant who pointed out the guaranteed opportunities, openness and optimism investors could expect in Ghana.

Mr. Grant highlighted the incentives available to prospective investors and beseeched investors to Grow in Ghana and with Ghana.

The keynote addresses where interspersed with critical panel discussions which further expanded on the Summit theme. There were thought provoking discussions on Ghana’s Economic and Financial Outlook; discussions of agriculture; discussions on Infrastructure funding among others. The fast-approaching African Market common market and creating a hub in Ghana was a particularly important discussion on second day of the Summit which saw the critical contribution of the Diaspora to Ghana’s development and how they could become active participants in the free trade area.

For his part, the Minister of Trade and Industry, Mr Alan Kyeremanten, provided an overview of how exactly the AfcFTA would directly affect the lives of people. He mentioned that the Government of Ghana was enhancing industrial productive capacity through the one district one factory initiative, the one region one industrial park initiative, mirroring Asian economic zones, and a rigorous plan to maintain acceptable standards of products and services.

To further position Ghana to fully maximize the trade area, Mr Kyeremanten said the Government was also enhancing trade facilitation through custom reforms and the port expansion programme and providing access to finance for local industries who will be charged with exports when the AfcFTA kicks in.

He also stressed on a need to continue the proposals brought forth at the summit and for Ghana to take full advantage of a post- Brexit Britain.

The Minister of Communication, Mrs Ursula Owusu – Ekuful, during her presentation, painted a picture of how technology will formalize economies, reduce corruption, and the need to invest in digital infrastructure.

“The Government is investing heavily in ICT infrastructure as part of Ghana’s Beyond Aid drive.  Projects initiated by the government in this regard include improved access in ICT infrastructure to Senior High Schools, policy and regulation, data management, cyber security awareness and a national property address system” she said.

Ghana’s High commissioner to the UK H.E Papa Owusu-Ankomah spoke of an eminent bright future built on the evident partnerships and opportunities that were brought to the fore at the summit, stressing that “this was not a talk shop but there would be follow-up on decisions arrived at”.

Mr Ian Walker, the UK-High Commissioner to Ghana, believed a lot was already being done by Ghana and the UK to enhance their economies. He described The Year of Return initiative as phenomenal and an indication of what was possible in Ghana.

The five-year Afro Nation deal according to him was a good step towards public- private sector partnerships and called for more of such collaborations in the future.   Mr Walker provided details of a £320 million investment in health and the educational sectors in Ghana and looked forward to both countries investing more in each other going forward.

Feedback received from the GHIOS 2020 was largely exciting and positive as many investors look forward to continuous engagement regarding the sessions and interactions held. The Centre and its several partners will look to making sure that there is sustained interest and generated leads are adequately supported.

As the year begins, the GIPC is keen to increase its pace of engagement and showcasing the country towards the attraction of increased foreign direct investment into Ghana, based on the keen interest shown over the past year.

The Centre looks forward to realizing investments initiated in 2019 and working with the 147 investors that registered their projects in the same year. Many local and foreign engagements are planned with several categories of stakeholders towards the promotion, facilitation and advocacy roles that are indicated as part of the Centre’s mandate.

The GIPC believes that the time is ripe to Grow in Ghana and Grow with Ghana.

Source: GIPC