Spark Up Program Rolled Out By GIPC

The Ghana Investment Promotion Council ( GIPC )in conjunction with Ministry of Finance and Ministry of Information have come together to set up a scheme to monitor and trace foreign Investors who have registered to set up businesses in the country in order to ensure their progress.

The import of this scheme is to find out their challenges and difficulties in order to assist them overcome these bottlenecks to enable them reap the full benefits of their investment.

Speaking at Kempiski Gold Coast City hotel , the CEO of GIPC ,Mr Yoofi Grant Indicated that some Investors most often come face to face with some hurdles in their business endeavors which often frustrate them to do smooth business in the country and so the trio have decided to team up and reduce these challenges in order to attract future investment.

According to him Ghana had been classified as a safe heaven for business and second in Africa. That is why some leading automobile companies are coming to Ghana to assemble their vehicles.

He reiterated that all over the world it is Investment portfolios of the nature that have the giant countries we see and admire. Addressing the press at the media launch ,the minister of information Kwadwo Oppong Nkrumah stated that as a result of our stable political eviroment , the last five years have seen a surge of Foreign Direct Investments into the country and this is a healthy Investment omen for the country’s development The minister thus inferred that last year alone , 2020, inspite of the hard bite of Covid 19 globally, Ghana bagged over 2.7 billion dollars FDI into the country for various businesses .

He therefore advised all players in the business chain to play their roles very well to attract these investments as that’s the only way to develop and economise the country. The minister said the investment of that magnitude was to create about 27000 jobs to reduce the unemployment syndrome in the country as young men and women can be taken on board. As a result his ministry, GIPC and ministry have decided to probe and discover the the hinderances that are hampering the the progress of these businesses to carve out possible solutions to set the tone for future investors.

“Our president’s go out there to woo investors so it is up to us facilitators in the areas of Banks, insurance, land owners, utilities providers, suppliers , haulage firms, ministries and local authorities to help and support these Investors to realise their dream. It’s through these investments that this country can get out of its development challenges “.

He gave the breakdown of the Investments that showed Greater Accra and Greater Ashanti had a the greatest share of about 217 out of the 279 businesses registered in 2020 . He also called on local entrepreneurs to form joint ventures and partnerships with these Investors who have the money to invest but may not know the terrain very well . He told through that the coming together of these three state agencies is to find out the perennial challenges that confront these investors in Ghana to reawaken them to survive these tractable difficulties.

The theme of the forum is ; “Awakening the Giant To Walk Again”. As a result of this, a date has been set aside for the formal inauguration by the president at the same venue to kickstart the scheme. The program is going to be an annually affair to encourage distressing investors to get up from their frustrations to move forward.

Source :Nana Poku /johnawuniktv@gmail.com