The Ghana Investment Promotion Centre (GIPC) has once more been awarded the Best Investment Promotion Agency in West and Central Africa at the Annual Investment Meeting (AIM) Investment awards 2020.
This will be the fifth consecutive year that GIPC has clinged the prestigious award.
Having been acknowledged five consecutive times not only endorses the Centre as being the best and finest among its peers, but also an endorsement for the diligent and notable efforts by the Government of Ghana to establish a conducive business environment comparable to none on the continent.
“This is a clear indication that we are on the right path to establishing Ghana as the preferred destination for Foreign Direct Investments (FDI) critical to the realization of a ‘Ghana Beyond Aid’,” said Yofi Grant, Chief Executive Officer of GIPC.
GIPC won this year’s award for its submission of the P.E Power Ltd project valued at $551,000,000.
The P.E Power project registered in 2019 as a joint venture between Americans, British, Israeli, and Mauritanian investors is a project in the energy sector. It is the operations and maintenance Company for the Amandi Energy Limited power plant, located at Aboadze in the Western Region of Ghana.
The award also comes on the back of GIPC’s sterling half year performance, where a total of $785.62 million was recorded as FDI into Ghana between January and June 2020 despite the economic challenges posed by the Corona virus pandemic.
The Annual Investment Meeting (AIM), an initiative from the UAE Ministry of Economy of the United Arab Emirates, is the World’s leading Investment-focused event aimed at enriching institutional, corporate and individual investors with relevant information for future investment decisions in high growth regions.
This year’s event was under the theme “Reimagining Economies: The Move Towards a Digital, Sustainable and Resilient Future,” and it came off from October 20 to 22.
The three-day digital event was well patronized by Ministries and Government Departments, International and Regional Organisations, Investment Promotion Agencies, Special Economic Zones, Private Equities, Angel Investors, Venture Capitalists, Startups, Incubators, SME Financing Institutions, Smart City Solution Providers, and Technology Providers, among others, from more than 170 countries.