By Bright Ntramah
President Akufo-Addo has urged the Ghana Investment Promotion Centre, GIPC, to explore ways at improving the turn-around time and efficiency in which potential investments are integrated into the economy. Speaking in Accra at the maiden GIPC investment summit dubbed Spark-Up, the President also tasked the Centre to address the bottlenecks that slow down potential investment and woo more investors to unlock Ghana’s Investment opportunities.
He said the government has the blueprint to revitalize the Ghanaian economy, given the effects of the pandemic. Bright Ntramah reports that Spark Up is an annual investment onboarding summit which connects investors, facilitators, facilitating agencies, private service providers, and the public to fully unlock Ghana’s investment potential.
It is the single most important platform that connects all the dots in the Foreign Direct Investment (FDI) ecosystem. It is an initiative of the Ghana Investment Promotion Centre (GIPC) and the Ministry of Information aimed at bringing together high-level government officials, business leaders and key industry players.
The Chief Executive Officer of GIPC, Yoofi Grant, justified the need for investors to consider Ghana as their investment destination. He said Ghana apart from having a resilient economy and human capital advantage, is also endowed with diverse natural resources and a competitive business environment among others. He added that there have been 122 foreign direct investments inflows and more are expected by the close of 2021.
The Deputy Minister for Trade, Herbert Krapa noted that strategic investments are key to gaining firm grounds for the economy.
President Akufo-Addo commended the GIPC for attracting more foreign direct investments into the country.
“In spite of the ravages of the COVID-19 pandemic, Ghana has achieved a positive growth in the economy,” according to the President.
Other speakers called for the need to take advantage of the African Continental Free Trade Area to maximize the country’s economic fortune.