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Ghana is ready to take advantage of Africa Investment Agencies Summit – GIPC

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Ghana at the centre of the World will take advantage of the upcoming African Investment Agencies Summit to showcase the investment potentials of the country to investors.

This is an assurance from the Chief Executive for the Ghana Investment Promotion Centre (GIPC), Yofi Grant.

Ghana is hosting the summit, which begins from tomorrow (January 25, 2023) to discuss the continent’s investment climate.

Speaking to Joy Business, Mr. Grant said, Africa is opening up for more investment opportunities and Ghana as a country is well positioned to take advantage of trade liberalization.

“This is an opportunity for us to market the investment potentials especially in the processing of raw mineral resources and other products that need value addition. For us at the Ghana Investment Promotion Centre, it is to our advantage to make the president’s dream of industrial transformation a reality” he said.

He maintained that there is the need for the continent to review some trade policies and look at investments standards that will support investors with easy entry onto the continent.

About the summit

The maiden summit will focus on ‘The Role of IPAs in Facilitating Intra African Trade’. Together, the heads and representatives of the invited African Investment Promotion Agencies along with colleagues from the World Association of Investment Promotion Agencies (WAIPA), economic and political leaders will explore the critical role Investment Promotion Agencies play in boosting intra-African trade.

There will be further discussions on emerging opportunities the AfCFTA continues to present, and how various development actors can leverage them to facilitate trade on the continent and boost socio-economic development.

Key speakers at this year’s summit are CEO of the GIPC & Sub Sahara’s Director on the steering Committee of the World Association of Investment Promotion Agencies, Yofi Grant; and Ismail Ersahin, Executive Director for World Association of Investment Promotion Agencies (WAIPA).

There are currently about 48 African Investment Promotion Agencies (IPAs), and the Annual Assembly of Investment Promotion Agencies will serve as the official gathering for African IPAs to engage in discussions, exchanges and knowledge-sharing on policies, interventions, current trends in FDI, best practices in investment promotion, and the AfCFTA among other topics.

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