GIPC CEO Emphasizes Strategic Partnerships as Key to Ghana’s Economic Growth
Yofi Grant, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), highlighted the critical role of strategic partnerships in accelerating Ghana’s economic growth at the Ghana Investment GC100 CEO’s Breakfast Meeting and the launch of the 21st Ghana Club 100 Awards.
Themed “Partnering for Prosperity, Building a Thriving Ghanaian Economy,” the event underscored the importance of collaboration in driving the nation’s economic agenda.
Mr. Grant detailed the GIPC’s commitment to facilitating partnerships by providing essential support and creating an enabling environment for business collaboration with administrative partners and regulators.
He reported that foreign direct investment (FDI) in Ghana totaled $123 million from January to March this year, asserting this figure is significant given the recent downturn in FDI across Africa.
“In the face of a global economic downturn and decreasing foreign direct investments, especially to Africa, Ghana continues to attract substantial interest from foreign investors,” Mr. Grant asserted. He also noted a significant rise in domestic investments in 2023, describing it as a positive shift towards greater inclusivity and innovation among Ghanaian businesses.
Mr. Grant emphasized that the GIPC’s mission is to drive economic growth through effective investment strategies. “Our role is to promote a prosperous business environment through advocacy, support, and outreach,” he said, reflecting on the success of the GIPC’s initiatives.
The GIPC has been hosting quarterly global leaders’ meetings to enhance collaboration between the government and the private sector. These meetings aim to advocate for policies and reforms that improve Ghana’s business climate and attract new investments.
To bolster Ghana’s investment appeal, the GIPC and the government have introduced several reforms aimed at simplifying the business registration process, increasing transparency, and reducing bureaucratic obstacles.
“Our goal is to make Ghana more attractive to both foreign and indigenous investors, and we are seeing positive results in that regard,” Mr. Grant concluded.
