GIPC secures second place for best investment project in West and Central Africa

gipc, second best investment project in africa

The Ghana Investment Promotion Centre (GIPC) has received recognition for its outstanding efforts in promoting investment opportunities and driving economic growth in Ghana.

At the Annual Investment Meeting (AIM) held in Abu Dhabi, GIPC secured second place for the best investment project in West and Central Africa, showcasing the Centre’s commitment in this domain.

GIPC over the years, has built a strong affiliation with the AIM Congress as a dedicated and successful premier Investment Promotion Agency (IPA). This recognition is evident through AIM’s consecutive conferral of the best IPA in Central and West Africa title for five years, spanning 2016 to 2021, and the runner-up position for the best IPA in Africa in 2022. In 2023, GIPC has once again maintained its strong position in the region, securing second place for the best investment project in West and Central Africa.

AIM Congress is a globally renowned conference that brings together investors, entrepreneurs, and government representatives from around the world. The event serves as a comprehensive platform for various sectors to engage in open discussions on the latest investment trends and opportunities. AIM fosters an environment conducive to idea exchange and facilitates potential partnerships, unlocking new avenues of collaboration and growth for participants.

Commenting on the award, Yofi Grant, the Chief Executive Officer of GIPC, expressed his appreciation, stating, “We are deeply honored to have been recognized as securing one of the best investment projects in West and Central Africa at the Annual Investment Meeting. This award is a testament to our unwavering dedication to creating a business-friendly climate in Ghana and promoting lucrative investment opportunities in the country.”

Furthermore, Mr. Grant acknowledged the efforts of the GIPC team, partners, and investors for their support in achieving this remarkable feat. Their collaboration and effort according to him has been instrumental in paving the way for sustainable economic development in Ghana, attracting significant investments, and nurturing a favorable environment for businesses to thrive.

Also, during the AIM Congress, the GIPC, under the leadership of its CEO, successfully concluded a Memorandum of Understanding (MoU) with the Namibian Investment Promotion and Development Board, represented by CEO Ms. Nangula Shejavali. This MoU establishes a framework for collaboration between the two agencies, specifically in the areas of investment promotion and facilitation.

In another notable development, an important agreement was reached between the African Continental Free Trade Area (AfCFTA), represented by Secretary General Wamkele Mene, and the UAE Trade Center, represented by Chief Executive Officer Walid Hareb Al Falahi. This significant milestone was marked by the signing of a Memorandum of Understanding (MoU), solidifying their partnership and shared objectives.

The collaborative efforts between AfCFTA and the UAE Trade Center aim to organize a series of side events at COP 28 in Abu Dhabi, scheduled for November. These events will include dedicated business forums designed to facilitate interactions between UAE and African businesses, fostering mutually beneficial partnerships. Additionally, dialogue sessions will be conducted to deepen understanding and awareness of the AfCFTA, ensuring that stakeholders are wellinformed about the potential benefits and opportunities it presents. The events will cover crucial topics such as trade facilitation, incentives offered by the AfCFTA, cost-effective logistics, and strategies to empower UAE businesses under the agreement. This joint initiative promises to strengthen trade opportunities and enhance economic ties between the UAE and Africa.

ABOUT GIPC
The Ghana Investment Promotion Centre (GIPC) is the investment promotion agency of the Government of Ghana responsible for attracting and facilitating investments in Ghana. GIPC’s mission is to encourage, promote and facilitate investments in all sectors of the economy. The Centre provides a one-stop-shop service for investors and serves as a liaison between the Government and the private sector.

Contact
For more information, please contact GIPC via email at info@gipc.gov.gh

GIPC to host Africa’s first annual assembly of investment promotion agencies

gipc hosts first annual assembly of ipas in africa

The Ghana Investment Promotion Centre (GIPC) is set to host the First Annual Assembly of African Investment Promotion Agencies on 25th January 2023 at the Kempinski Hotel Gold Coast City in Accra.

The maiden summit will focus on “The Role of IPAs in Facilitating Intra African Trade”. Together, the heads and representatives of the invited African Investment Promotion Agencies along with colleagues from the World Association of Investment Promotion Agencies (WAIPA), economic and political leaders will explore the critical role Investment Promotion Agencies play in boosting intra-African trade.

There will be further discussions on the emerging opportunities the AfCFTA continues to present and how various development actors can leverage them to facilitate trade on the continent and boost socio-economic development.

Key speakers at this year’s summit are CEO of the GIPC & Sub Sahara’s Director on the steering Committee of the World Association of Investment Promotion Agencies, Yofi Grant, and Ismail Ersahin, Executive Director for World Association of Investment Promotion Agencies (WAIPA).

Speaking on the importance of the summit, Yofi Grant said, “By 2050, Africa will be a quarter of the global population. What if by 2050, Africa was also the recipient of a quarter of global FDI flows? As we look inward on how we can promote intra-African trade through the AfCFTA, Africa needs to redefine how we look outward towards our investor partners. This redefinition is best created when we sit around the table and discuss where we are and where we want to go.”

“This is why we are convening the first of many Annual Assembly of African Investment Promotion Agencies. Through this, we hope to deepen and continue engagement for the formation on an Association of African Investment Promotion Agencies,” he added. He further noted that the annual summit will set the tone for collective engagements on how development actors can target, channel and leverage foreign investment for mutually beneficial outcomes. He called for cooperation on increasing intra-African investment in Africa which is relatively low compared to other regions of the world.

There are currently about 48 African Investment Promotion Agencies (IPAs), and the Annual Assembly of Investment Promotion Agencies will serve as the official gathering for African IPAs to engage in discussions, exchanges, and knowledge sharing on policies, interventions, current trends in FDI, best practices on investment promotion, the AfCFTA, among other topics.