Ghana’s private sector vital to economic growth, says GIPC CEO at launch of 20th Edition of Ghana Club 100 Awards
Speaking at the launch of the 20th edition of the Ghana Club 100 Awards and the Ghana Investment and Trade Week, Yofi Grant, the CEO of Ghana Investment Promotion Centre (GIPC), emphasized the crucial role of the private sector in driving economic growth in the country.
Mr Grant stated that growth in any economy is primarily fueled by the private sector, which invests capital, establishes businesses, and creates employment opportunities. Despite recent challenges posed by the COVID pandemic and geopolitical tensions between Russia and Ukraine, the CEO highlighted that enterprising Ghana continues to display resilience as the corporate sector becomes more adventurous and growth-oriented.
The Ghana Club 100 Awards, a prestigious event held since 1998, seeks to promote effective corporate governance and recognize the significant contributions of the private sector to Ghana’s development. Honors are bestowed upon the top 100 enterprises as well as outstanding companies in strategic sectors, including agriculture, financial services, ICT, infrastructure, petroleum, mining services, manufacturing, tourism, health, and education.
During his address, Mr Grant acknowledged that certain companies have not only weathered the challenges but emerged stronger. He expressed the government’s commitment to ensuring the thriving of these companies, while also creating an environment conducive for Ghanaian enterprises to flourish.
According to him, the GIPC’s Ghana Club 100 Awards, is focused on promoting growth rather than merely celebrating top-performing companies, further asserting that the GIPC aims to create opportunities for investors, traders, and business people to understand their mandates and how they can collectively facilitate economic growth.
Furthermore, the GIPC CEO shared insights into the government’s commitment to engaging the private sector as a partner in addressing economic challenges and fostering robust foundations for growth. He mentioned the Ghana Mutual Prosperity Dialogues programme, designed to offer support to corporate Ghana and encourage both internal and external investments.
Mr Grant’s speech emphasized the GIPC’s ongoing efforts to support enterprises, ensuring they gain the necessary investments and partnerships to foster growth and provide opportunities for young people.
Mr Grant further expressed delight in the sustained success of the Ghana Club 100 Awards and anticipated the addition of new enterprises to the list, potentially including a category for SMEs showing substantial growth. His remarks underscored the critical role played by Ghana’s private sector in propelling the economy forward, while the government’s commitment to fostering a favorable investment climate aims to fuel the country’s economic growth beyond expectations.
