GIPC engages diplomatic community to promote bilateral investment

GIPC engages diplomatic community to promote bilateral investment

The Ghana Investment Promotion Centre (GIPC) has engaged the diplomatic community on how to promote bilateral investment and strength­en economic partnerships.

The 9th edition of the Economic Counsellors Dialogue event saw a gathering of key players from the various trade missions in Ghana, as well as rep­resentatives from the government agencies, such as the Ministry of Trade and Industry (MOTI) and Ministry of Foreign Affairs and Regional Integration.

The day’s discussions bor­dered on economic, investment strategies, as well as practical measures to accelerate economic recovery. Participants also looked at how the Centre can align its aftercare services to cater for the needs of investors.

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In his opening remarks, the CEO of GIPC, Mr Yofi Grant, pointed out that the current global dispensation, characterised by po­litical instability and post-pandemic struggles, had heightened the need for collaborations on several levels.

With the current world dynam­ics in focus, he argued that “there is no market much more important than the African market,” consid­ering indicators such as population and natural resources.

Mr Grant mentioned that the government was undertaking sev­eral structural reforms to restore investor confidence in Ghana’s economy in order to reposition it as the ideal investment destination.

This, he said, included public financial management reforms, state-owned enterprises reforms, financial sector reforms, tax policy and administration reforms, and social protection reforms.

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He also disclosed that the document to review the GIPC Act 2013, after extensive consultations, would be tabled before cabinet soon.

According to him, the changes proposed were in tandem with global investment laws, and are aimed to attract, and retain invest­ments.

Taking his turn, the ambas­sador of Lebanon to Ghana, Maher Kheir, noted that economic partnerships were crucial, as they served as the backbone of global prosperity and stability.

To achieve economic integra­tion, he argued that governments should prioritise open communica­tion with a collaborative mindset, explore bilateral and multilateral trade agreements, invest in infra­structural development as well as education and skillset development.


Joyceline Natally Cudjoe

An Entertainment Columnist, Content Writer, Blogger, Novelist, Poet, and a Publicist. For business or story tip off, contact me on +233 24 646 6866 or email: [email protected]

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