GIPC to roll out new regulations to enhance local enterprises capacity to boost FDIs

August 23, 2023 / Comments (0)

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The Ghana Investment Promotion Center (GIPC) will soon roll out new regulations that will enhance the capacity of local enterprises to facilitate and boost Foreign Direct Investments.

According to its Chief Executive of GIPC, Yoofi Grant, his outfit will create an avenue for mobilising and harnessing the resources and skills-set of the Ghanaian Diaspora Community to invest in Ghana to accelerate economic growth.

Speaking to Joy Business at the 2nd edition of the CEO’s Breakfast Meeting in Accra with a specific focus on local content empowerment through partnerships, Mr. Grant said GIPC focus is to empower the capacity of local enterprises to drive FDIs.

“We need to create the relationships that inure to benefits. How do we partner with our Foreign Direct Investments and local enterprises to create the conducive business environment that becomes the taste of Africa? We are coming out with new regulations that will facilitate foreign direct investments that will partner consistently with local enterprise”.

The 2nd edition of the 2023 CEO’s Breakfast Meeting, brought together both local and foreign investors to deliberate on how to empower and maximise local content participation in harnessing the country’s resources through partnerships.

Making a speech during a panel discussion, President of Association of Ghana Industries, Humphrey Ayim-Darke stressed on the need for government to outline a clear objective of improving FDI’s in the country.

“Referencing the clear objective of the host country, we need to ask, what is the game plan or goal in attracting FDI’s. Is it for the purposes of job creation, or technology transfer? And when you fast forward it to today’s world, this evolution had perfected the best practices of FDI’s”.

The 2nd edition of the 2023 CEO’s Breakfast Meeting, seeks to enhance the investment climate in Ghana for both Ghanaian and non-Ghanaian enterprises.


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