The Ghana Investment Promotion Centre (GIPC) has intensified efforts to boost investments in the country with a call on foreign governments and individuals to take advantage of the country’s numerous investment prospects to facilitate development.
The Centre says there are many investment opportunities that are underutilized or untapped, requiring huge capital and human investments.
An official of the Centre said this at a business meeting between the Mayor of Broward County, USA and some Ghanaian business men and women in Accra.
Ghana’s growing investment opportunities positions the country as one of the preferred business destinations in the sub-region.
As a result, several investors from across the world as well as governments are seeking partnerships to tap into these opportunities.
It is against this backdrop that the Ghana investment Promotion Centre (GIPC), held met with potential investors.
Director of Investor Services Division at the GIPC, Edward Ashong-Lartey, pointed out some areas of interest the US investor community could tap into.
“Industrial revitalization is to help businesses which are distressed, but with a bit of a push they can be back on their feet. Most of our businesses are also in the SME category, and we need to make sure we bring them to the next level as well” he said.
Ghana last year won the bid to establish the Africa continental free trade area secretariat which seeks to promote intra-African trade. However, the country ranked 118th in the world bank ease of doing business report in 2019, after it dropped four places from 114 in 190 countries. A report shows that five top investment opportunity areas in Ghana include Telecommunications, Real Estate, Financial Services, manufacturing and services sectors.
Mayor of Broward County, USA, Dale Holness, said he is open to strong partnerships with many businesses in Ghana.
“To come in and solely set a business up is one thing, but to partner is key, and I am looking at the partnerships. I will encourage partnerships especially in a country we are not from; we don’t understand the customs, the traditions, and the structure of doing business. I am encouraging all businesses to seek partnerships with Ghanaian businesses, to expand them, to grow them or to create new opportunities”.
The Mayor says some sectors they hope to invest in include Tourism, Lifestyle, textile, Manufacturing, construction, oil and gas, among others.