The Ghana Investment Promotion Centre (GIPC) has outlined a roadmap to reap in more investments into the nation. The Centre is said to have registered over $ 3 billion worth of investments since 2012.
On a recent visit to South Africa, the Chief Executive of GIPC, Madam Mawuena Trebarh disclosed that the country is nursing bold ambitions to position itself as a hub for business for West African States and the entire continent.
Speaking in an interview with South African-based media network CNBC, Madam Trebarh stated that Ghana as part of initiatives to attract foreign investors would link up with the business communities in South Africa and continue to present its investment packages to the country.
This, she believes, will help boost economic activities between Ghanaians and their African neighbours.
She explained that the Centre is devising strategic measures to make the nation an attractive venture for the foreign investors.
“We looking at the hospitality industry to really build up the service sector that is required to engender the experience that I keep talking about for the investing community”, she said, adding that her visit to South Africa is to also push “a Pan-African initiative for collaborations between Ghanaian people and the South African business community.”
She also expressed interest in building the agricultural sector with the hope of enhancing the progress of agribusiness in the country. According to her, the sector presents tremendous opportunities, hence the decision by the Centre to revamp it.
“There’s also quite a great deal of interest in the agribusiness sector. Clearly, for an economy that trying to grow and develop…The agribusiness sector presents great opportunities.”
She further touted some achievements of the nation, averring that Ghana has over the years recorded a stable democratic environment for businesses to thrive in the nation.
“Our ability to develop our financial services institutions. Create sophistication that also gives comfort to the investor [Access to power; access to land]. Those things that are really important for the investor; creating that experience. Letting them know that the Investment Promotion Centre is there to hold their hands, walk them through the process particularly for these strategic investors,” she continued.
She was also of a strong view that the Ghanaian business environment is strong and therefore promised to adopt better approaches to streamline the nation’s interrelation with foreign investors.
“For us in Ghana, I think is to demonstrate that we do have the capacity and the skill set in country that as we work with investors; there is opportunity to look at conversations between private sector and academia.”
Click on the link below for more on the CNBC interview.
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