• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Defunct factories to be profiled by GIPC- Investors and producers to benefit alike

M.Cby M.C
June 17, 2022
Reading Time: 3 mins read
M.Cby M.C
in Sub Top Stories2, Vaultz Business
0
Defunct factories to be profiled by GIPC- Investors and producers to benefit alike

Business in Ghana

The Ghana Investment Promotion Centre (GIPC) is set to profile and market all defunct factories in the Upper East Region to attract investors to boost the local economy and propel development.

There are four defunct factories in the Region, the Pwalugu Tomato Processing factory, the Cotton Company in the Talensi District, the Zuarungu Meat Processing, and the Rice Mill Factories in the Bolgatanga East District.

Dr. George Asafo-Agyei, the Head of Monitoring and Evaluation Division at the GIPC, said apart from the defunct factories, mining, shea-butter processing, and tourism, among the others, there are investment opportunities the GIPC has identified in the Region.

RelatedPosts

ORAL  Gains Momentum as Seven Major Corruption Investigations Completed

MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation

Ghana’s Banking Sector Loses Nearly GH¢100m to Fraud — BoG Report Reveals

“The GIPC would profile all defunct factories in the region and market them to attract investor interest to boost the economy of the region and country.”

Dr. George Asafo-Agyei

Registering your business attracts partners

The workshop, organized by the GIPC, is part of a nationwide sensitization tour to create awareness about the GIPC’s services and to enable the Centre to identify investment opportunities for promotion to boost development in the regions through the private sector.

Dr. Asafo-Agyei called on business owners in the Region to register their businesses as limited liability private companies so that persons who may want to partner with them would have the opportunity to understand their business structure and effectively partner with them.

“If you want to have a profit-making organization, then it depends on you to make sure that you register your business because anyone who wants to partner with you would want to know the business’s ownership structure.”

Dr. Asafo-Agyei

In a speech delivered on his behalf, Mr. Stephen Yakubu, the Upper East Regional Minister, disclosed that the Region had received some proposals from potential investors to revamp the defunct factories.

ADVERTISEMENT

He assured the GIPC that the Region is ready to support any potential investor, saying, “We are ever ready to support initiatives which undoubtedly minimize, if not eradicate abject poverty through job creation.”

Mr. Yakubu said the region is endowed with human and natural resources such as gold, rocks, water bodies, and tourist sites, including the Paga Crocodile Pond and the Pikworo Slave Camp.

Voices of participants

A participant, Madam Sherry-Ann Kuuri-Naa, a Weaver, said that the workshop was timely, and the advice by Dr. Asafo-Agyei to register their businesses would help them effectively grow their businesses.

“Our businesses have not been registered; we did not have knowledge about any registration. We only produce the products, and the middlemen buy from us and sell, so mostly, we run at a loss. We now know the importance of registering our businesses and how to sell directly to the consumer without middlemen.”

Madam Sherry-Ann Kuuri-Naa

The Weaver said they have the skill without capital, and dealing directly with consumers could help their businesses grow.

 “The consumer has the money, but we have the skills, so if they invest in us directly, we will benefit.”

Madam Sherry-Ann Kuuri-Naa

READ ALSO: Mercedes-Benz Recalls Close to 1 Million Cars Globally

Tags: Defunct businessGIPC
Please login to join discussion
Previous Post

Successive Gov’ts Unable To Sustain Progress Made Under IMF Programs –  Prof. Bokpin

Next Post

Produce International Standard Films, Tap Into Nigerian Market To Thrive- Pascal Aka

Subscription Form

Related Posts

Attorney General and Minister of Justice, Dr. Dominic Akuritinga Ayine
General News

ORAL  Gains Momentum as Seven Major Corruption Investigations Completed

October 22, 2025
MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation
Vaultz Business

MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation

October 21, 2025
Ghana’s Banking Sector Loses Nearly GH¢100m to Fraud — BoG Report Reveals
Banking

Ghana’s Banking Sector Loses Nearly GH¢100m to Fraud — BoG Report Reveals

October 21, 2025
Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns
Vaultz Business

Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns

October 21, 2025
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 
Vaultz Business

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

October 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
Vaultz Business

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

October 20, 2025
Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill
General News

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

by Silas Kafui AssemOctober 22, 2025
Louvre Director, Laurence des Cars.
Europe

Louvre Director Admits Security Failure

by Comfort AmpomaaOctober 22, 2025
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation
Extractives/Energy

Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

by Bless Banir YarayeOctober 22, 2025
Professionals question IMF’s Impact on Ghana’s Economy
Economy

Professionals question IMF’s Impact on Ghana’s Economy

by Michael Teye-Bio NaduteyOctober 22, 2025
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom
Banking

Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

by M.COctober 22, 2025
Israel’s Expansion Of Settlements In Occupied West Bank Slammed
Asia

Knesset Advances Bill To Impose Israeli Sovereignty On Occupied West Bank

by Comfort AmpomaaOctober 22, 2025
Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill
Louvre Director, Laurence des Cars.
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation
Professionals question IMF’s Impact on Ghana’s Economy
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom
Israel’s Expansion Of Settlements In Occupied West Bank Slammed

Recent News

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

October 22, 2025
Louvre Director, Laurence des Cars.

Louvre Director Admits Security Failure

October 22, 2025
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

October 22, 2025
Professionals question IMF’s Impact on Ghana’s Economy

Professionals question IMF’s Impact on Ghana’s Economy

October 22, 2025
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

October 22, 2025
Israel’s Expansion Of Settlements In Occupied West Bank Slammed

Knesset Advances Bill To Impose Israeli Sovereignty On Occupied West Bank

October 22, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address