GIPC optimistic legislative reforms will boost foreign investor confidence
The Ghana Investment Promotion Centre (GIPC) is optimistic that its current legislative reforms will effectively dismantle barriers hindering foreign investor confidence.
Key among these challenges are hurdles in obtaining essential documentation from the Customs Division of the Ghana Revenue Authority (GRA), compounded by insufficient inter-agency collaboration within the government.
Yaw Amoateng Afriyie, Deputy Chief Executive Officer of GIPC, underscored these issues during a stakeholder forum on customs controls and regulations.
He highlighted the Centre’s proactive efforts in addressing operational impediments for foreign businesses in Ghana.
“We also believe that the efforts being put in by customs including the digital customs and e-commerce platform will be hopefully enablers for this business community. For us at GIPC, we are in a place where we have to reform and our reforming with the current efforts being made to address some of the more dogmatic elements within our current legislation,” Mr. Afriyie stated.
“We are not doing so because it is easy, we are doing it because it is necessary, especially against the local and global backdrop which is impeding capital from our part of the world. We also understand that GIPC as the foremost agency, leading on the investment and business case for Ghana, must charge the right course and the right course by ensuring that we continuously remove some of the bottlenecks that impede doing business and impede capital from our world,” he added.
GIPC, as the leading agency promoting investment in Ghana, aims to streamline procedures and remove bottlenecks that hinder capital flow amidst challenging local and global economic landscapes.
