We’re excited to present the Centre’s latest newsletter!
Delve into a world of opportunities as we bring you the success story of our GC100 number one company, insights on Ghana’s technology transfer regime, sustainable investments, and key highlights from the vibrant Ghanaian business landscape.
As always, our newsletter is packed with valuable information that showcases Ghana’s immense potential as an investment destination.
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The Ghana Investment Promotion Centre (GIPC) has launched the 20th edition of the prestigious Ghana Club 100 Awards and the inaugural Ghana Investment and Trade Week in collaboration with the MIE Group, Dubai – organizers of the China Trade Week.
Themed “Accelerating Economic Growth: Amplifying Ghana’s Global Market Footprint through AFCFTA,” this year’s event aims to provide a significant platform for promoting investment, trade, and knowledge exchange.
The highlight of this milestone 20th edition is the introduction of the Ghana Investment and Trade Week, which will feature a series of exhibitions and an investment summit. The week will culminate in the highly anticipated Ghana Club 100 Awards ceremony on Friday, 27th October 2023, and all events will take place at the Grande arena of the Accra International Conference Centre.
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Speaking at the launch Yofi Grant, the CEO of the GIPC, expressed excitement about the grand event, marking 20 years of the Ghana Club 100 awards. He said, “this collaboration will amplify the Ghana and Africa story to a broader audience of potential investors from around the world. The event will not only showcase top companies in Ghana but also celebrate their achievements. The ultimate goal is for us to forge valuable partnerships and attract Foreign Direct Investment (FDI) to accelerate development and economic growth in the country.
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Zahoor Ahmed, Vice President of Strategy and Partnerships at MIE Groups, Dubai also stated that, the partnership with GIPC aligns with their shared mandate of promoting global FDI. It was, therefore, a continuation of their journey to develop the ‘Ghana Investment Trade Week’ –a unique partnership that will bring together global focus from Key Source Markets from Asia, the Middle East & Europe to view and discover FDI opportunities in Ghana.
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The Ghana Investment and Trade Week will have a lineup with over 300 exhibitors, 100+ speakers and presentations, and more than 50 workshops. This diverse array of participants will create a dynamic environment that fosters networking, facilitates knowledge exchange, and allows for the exploration of lucrative investment opportunities.
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David Wang, Founder, and Chairman of MIE Groups Ltd, shared his enthusiasm, stating, “We are honored to collaborate with our key industry partner GIPC to bring the ‘Ghana Investment Trade Week’ – Summit to African and Global leaders as a transformative platform to focus on FDI into Ghana. GITW brings together two very important entities, ‘China Trade Week – Ghana’ and the ‘Ghana 100 Club,’ to lead and collaborate on this ground-breaking Investment Summit where new opportunities are explored, partnerships are formed, and the future of investments is reimagined. MIE GROUP & GIPC will work together to shape the course of FDI growth and success into Ghana.”
The 20th edition of the Ghana Club 100 Awards and Ghana Investment Week is set to attract prominent investors, industry leaders, policymakers, and stakeholders, all of whom are committed to accelerating economic growth and maximizing Ghana’s presence in the global market through the African Continental Free Trade Area (AFCFTA).
The Ghana Investment Promotion Centre (GIPC) on Thursday, 6th July 2023, indulged the diplomatic community on how to promote bilateral investments, and strengthen economic partnerships.
The 9th Edition of the Economic Counsellors Dialogue event saw a gathering of key players from the various trade missions in Ghana, as well as representatives from government agencies such as the Ministry of Trade and Industry (MOTI) and Ministry of Foreign Affairs and Regional Integration.
The day’s discussions bordered on economic/investment strategies, as well as practical measures to accelerate economic recovery. Participants also looked at how the Centre can align its Aftercare services to cater for the needs of investors.
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In his opening remarks, the CEO of GIPC, Yofi Grant pointed out that the current global dispensation, characterized by political instability and post-pandemic struggles, has heightened the need for collaborations on several levels.
With the current world dynamics in focus, he argued that “there is no market much more important than the African market” considering indicators such as population and natural resources.
Mr Grant mentioned that the government is undertaking several structural reforms to restore investor confidence in Ghana’s economy, in order to reposition it as the ideal investment destination. This includes public financial management reforms, state-owned enterprises reforms, financial sector reforms, tax policy and administration reforms, and social protection reforms.
He also disclosed that the document to review the GIPC Act 2013, after extensive consultations, will be tabled before cabinet soon. According to him, the changes proposed, are in tandem with global investment laws, and are aimed to attract, and retain investments.
Taking his turn, the ambassador of Lebanon to Ghana, H.E Maher Kheir noted that economic partnerships were crucial, as they served as the backbone of global prosperity and stability.
To achieve economic integration, he argued that governments should; priorities open communications with a collaborative mindset, explore bilateral and multilateral trade agreements, invest in infrastructure development as well as education and skillset development.
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The event then dovetailed into an informative panel discussion which featured GIPC’s Director of Investor Services, Mr. Edward Ashong-Lartey; Chairman of China Enterprises Chamber of Commerce, Mr. Qun Yang; Policy Officer from the Netherlands Embassy, Maame Awinador-Kanyirige; the Executive Secretary of America Chamber of Commerce, Mr. Simon Madjie; and the Executive Director of the UK-Ghana Chamber of Commerce, Adjoba Kyiamah, who served as the moderator.
The panellists looked at strategies and best practices to foster sustainable partnerships between Ghanaian businesses and international investors. Some of the strategies mentioned include; aggressive policy advocacy, harmonization of investment laws, investing into skilled labour, and inclusion of relevant stakeholders at all levels in investment talks.
The event was capped with a submission from the Centre’s Head of Aftercare, Ms. Cobbah, who shared some success stories of the unit, as well as some investor concerns/sentiments that have been gathered so far. GIPC’s Aftercare unit is instrumental in assisting investors, post-establishment, navigate the regulatory landscape in Ghana and overcome any compliance challenges that may arise. It also mediates between government and investors to guide investor-friendly policy formulation.