Skip to main content

GIPC urges business investment in Central Region


The Ghana Investment Promotion Centre (GIPC) has urged investors to capitalise on the Central Region's untapped economic potential to grow their companies and create jobs in the region.

It said doing so would help the local economy, provide jobs and speed up the region's socioeconomic growth.

This was made known during the GIPC's Central Regional Sensitisation tour earlier in the month to show traditional leaders and the metropolitan municipal and district assemblies (MMDAs) the importance of making land available for investment.

The tour also sought to give small and medium enterprises (SMEs) the platform to state factors that impede their growth.

The programme brought together planners, economists, metropolitan, municipal and district chief executives (MMDCEs) and business owners in the region.

Investment opportunities

The Head of Monitoring and Evaluation at the GIPC, Dr. George Asafo-Agyei, indicated that the region had other areas which were productive and needed to be tapped, aside from the tourism and hospitality industry which had been largely advertised.

He stressed that "investors must take advantage of the agro-processing sector, tourism, property and real estate and Information and Communications Technology (ICT) opportunities in the region to even expand their market and provide job avenues in the region."

Dr. Asafo-Agyei reiterated that his outfit would not relent on its mandate of encouraging investments for the creation of an attractive incentive framework and a transparent, predictable and facilitating environment for investments in the region.

He said those who registered their businesses could receive all the necessary papers in five statutory working days after registration.

He urged domestic and international organisations to register with the GIPC because it provided a variety of services, including joint venture facilitation, investment consulting services, assistance in negotiating bilateral investment treaties and investment incentives.

Insisting that business owners should take advantage of the package that the GIPC offered to register, he brought up the low level of business registration that had occurred in the area over the years.

He said between 1994 and 2021, only 154 businesses had been registered, while four had been registered in the last three years, which was quite discouraging.

Land banks

The Central Regional Minister, Justina Marigold Assan, asked all MMDAs to create investment and development plans and to show clearly how they would use them to expand local commercial companies.

She said "the local businessmen and women are important, given the fact that their activities generate wealth for the MMDAs, the region and the country as a whole."

Regarding the African Continental Free Trade Area (AfCFTA), she said the initiative presented a significant chance to support the diversification of African exports, draw foreign direct investment and spur economic growth as the rest of the world faced the COVID-19 pandemic's effects.

She stated that meetings within the continent would be based on company profiles and a project catalogue developed from the GIPC's business tour of the region, which would lead to collaborations and trade links that would be uniting and fruitful.

One major output of this programme will be the Land Banks, District Investor Guides and Project Profiles. These are crucial tools that would attract investments and make Ghana the preferred location for Foreign Direct Investments," she noted.

Comments

Popular posts from this blog

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

  Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Anglogold Ashanti Obuasi Mine tops 2024 Sustainability & Social Investment Awards

 AngloGold Ashanti Obuasi Mine has confirmed its status as sustainability champions by sweeping nine awards, the most won by a company at the 2024 Sustainability & Social Investment Awards (SSI) held at Movenpick Ambassador Hotel in Accra. The feat comes on the heels of a dominant performance in last year's event where AngloGold Ashanti Obuasi Mine swept seven awards. The SSI Awards organised by Ianmatsun Global Services recognizes the most outstanding sustainability, Corporate Social Responsibility (CSR), Environmental, social, and governance (ESG) initiatives in the country and beyond as well as the best teams and individuals who brought them to life. This year's event, which was the 8th edition, was under the theme "Climate Action Now: Accelerating Decarbonization and Building Resilience". The awards won by AngloGold Ashanti on the night include SSI Company of the Year, Best Company in Women Empowerment (project), SSI Company of the Year ( Environment), Best Co...

Zoomlion Advocates Community & Gender inclusive waste management for Climate Action at COP 29

 Africa's waste management giant, Zoomlion Ghana Limited has advocated for an integrated approach to waste management that considers the interest of community members, women and vulnerable groups. James Deku, a Communications Officer of Zoomlion Ghana Limited made this call at the 29th session of the Conference Of Parties (COP 29) of the United Nations Framework Convention for Climate Change (UNFCCC) at Azerbaijan, Baku whiles speaking on the topic "Community-Driven and Gender Inclusive approaches to waste management for Climate Action ". He said the waste sector is a major contributor of methane emissions which is a potent greenhouse gas causing climate change hence the need to manage waste in a manner that considers the interest of all stakeholders. Zoomlion's waste management model is designed and operated in a manner that considers the interest of all stakeholders. Through a Public Private Partnership (PPP) model, local authorities engage community members in clea...