The Ghana Investment Promotion Centre (GIPC) is ramping up efforts to enhance the country’s investment landscape through strategic partnerships with key stakeholders.
In a series of high-end meetings, the Centre engaged with both Ernst & Young (EY) Ghana and the World Bank Group to explore avenues for collaboration, policy improvement, and investment facilitation.
The leadership of GIPC, led by its Chief Executive Officer, Simon Madjie, hosted a delegation from Ernst & Young (EY) Ghana.
The EY team, comprising Country Managing Partner Emmanuel Adekahlor, Assurance Partner Dr. Pamela Des Bordes, Consulting Partner Michael Sackey, and Strategy and Transactions Partner Alice Osei Okrah, participated in discussions focused on strengthening Ghana’s investment climate.
During the engagement, GIPC sought EY’s expertise in refining its investment attraction strategies.
The Centre specifically highlighted the need for support in identifying and cataloging bankable investment opportunities while enhancing sector-specific data to provide investors with clear and tangible prospects.
Given EY’s extensive experience in market analysis and investment advisory, the firm’s insights were seen as instrumental in helping the Centre position Ghana as an attractive investment destination.
EY consultants, in turn, proposed a review and modernization of the Technology Transfer Agreement (TTA) regulations to encourage greater compliance and align policies with evolving global market trends.
The TTA regulations, which govern the transfer of technology and expertise between foreign and local businesses, are a crucial component of Ghana’s investment framework.
A more flexible and investor-friendly approach, they suggested, would not only boost compliance but also enhance Ghana’s competitiveness in attracting Foreign Direct Investment (FDI).
Acknowledging the proposal, Mr. Madjie confirmed that GIPC is actively pursuing amendments to the TTA regulations.
He reiterated the Centre’s commitment to adopting reforms that would strengthen Ghana’s investment environment while ensuring that policies remain relevant and responsive to market needs.
Collaborating with the World Bank
Prior to its engagement with EY, GIPC held discussions with representatives from the World Bank Group.
The meeting, which focused on reviewing the progress of the Ghana Economic Transformation Project (GETP), also explored potential new areas of collaboration to accelerate economic growth and attract investment.
The World Bank delegation included Andres F. Garcia, Senior Economist and GETP Task Team Leader; Shane S. Sela, Senior Trade Facilitation Specialist; Elwyn Davies, Senior Economist; and Emmanuel Awuni, Private Sector Specialist.
With a shared interest in fostering sustainable economic development, both parties engaged in constructive discussions on how to scale up investment facilitation efforts.
During the meeting, Mr. Madjie underscored the importance of identifying and mapping investment opportunities across all districts in Ghana.
By decentralizing investment attraction efforts, GIPC aims to unlock economic potential in various regions, ensuring that investment benefits are distributed equitably.
The request for support in this area aligned with the Centre’s broader mission of promoting inclusive growth through investment.
In response, the World Bank team reaffirmed its commitment to supporting GIPC’s initiatives. The delegation expressed willingness to further engage on funding opportunities for initiatives that align with the Centre’s objectives.
By leveraging World Bank resources and expertise, GIPC seeks to enhance its capacity to attract high-value investments that contribute to economic transformation.
The engagements with EY Ghana and the World Bank Group reflect GIPC’s proactive approach in strengthening Ghana’s investment framework.
By seeking expert guidance and fostering collaborations with global institutions, the Centre is working to enhance the country’s attractiveness to investors.
Through improved investment data, regulatory reforms, and strategic partnerships, GIPC aims to position Ghana as a preferred destination for foreign and domestic investments.
With continued engagement and targeted interventions, the Centre remains committed to driving economic transformation and unlocking new opportunities for growth.
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