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GIPC Sensitizes Stakeholders On New Act   
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A sensitization workshop, to educate stakeholders in the Greater Accra Region on the new investment by the Ghana Investment Promotion Center (GIPC) in Accra.

Among others, it was to encourage Ghanaian businesses within the region to register with the GIPC, in order to benefit from the incentives provided in the investment Act.

The workshop was also an opportunity to engage the Regional Co-ordination Council, as well as the metropolitan, municipal and district assemblies, to identify for promotion, investment prospects in the region and in their local communities.

In his presentation, Kofi Sakyianma Antiri, Director of Research and Business Development of the GIPC, said with the new Act, the center is empowered to provide for the creation of an attractive incentive framework and a transparent, predictable and facilitating environment for investment promotion in Ghana.

Mr. Antiri mentioned some of its current functions as initiating and supporting measures that would enhance the investment climate in the country for both Ghanaian and non-Ghanaian enterprise.

The center, he said was also responsible for collecting, collating, analyzing and disseminating information about ,investment opportunities ,and source of investment capital, incentives available to investors, the investment climate and advice upon request on the availability, choice or stability of partners in joint venture projects.

The GIPC also registers monitors and keeps records of all enterprises in Ghana, register and keeps records of all technology transfer agreements, identifies specific projects and prepares project profiles on investments policy and joint venture opportunities in Ghana, and attracts interested investors for participation in those projects.

It further brings about those, harmonization in investment policy formation through coordination of the activities of all other institutions and agencies among other things, he said.

According to Mr. Antiri, GIPC seeks to induce concrete Foreign Direct Investments into Ghana by pursuing the promotion of direct partnerships between local and foreign investors as well as promoting specific investment projects on the international market.

He said the center, currently provides direct promotion support to identified local investment projects for sponsors to solicit international as well as local investment collaborations.

Mr., Isaac Nii Djanamh Vanderpuye, Deputy Regional Minister, in an address said, the sensitization was necessary to provide highlights on the implementation of the new GIPC Act.

The Deputy Regional Minister therefore, urged prospective and existent businesses to yield to the GIPC’s call for proposals for sponsorship promotion of their project, in order to attract investments into their communities.
Source: The Ghanaian Times

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