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Business News of Friday, 29 March 2013

Source: Joy Online

GIPC lobbies investors abroad

Chief Executive Officer of the Ghana Investment Promotion Centre, (GIPC) Mawunea Dumor Trebah, has launched a strong lobbyist strategy to woo investors on her first international investment tour abroad.

Mrs. Dumor Trebah is promoting her new-Ghana agenda to potential investors in the United States, United Kingdom and France. According to her, reforms undertaken by the GIPC aims at re-branding in order to attract and sustain investments to renew confidence in the economy.

She argued that Ghana is a preferred business destination for investment because any investment is premised on political stability which Ghana can boast of.

“Across investment public worldwide, investment decisions are based on political stability, infrastructure, and availability of job skills. All these relevant factors that determine how robust your regulatory frame work will be, the economics of the country as well as fiscal and tax regimes exist all are in place in Ghana”, she emphasised.

The GIPC CEO Acknowledged investors’ fear during elections, but assured the investing public there was no cause for alarm.

“Many investors would make a conscious decision to hold on until after elections are over, due to uncertainty about regulators and policies. But that is not something you need to guard against” {as far as Ghana is concerned}.

She also held discussions with foreign firms to assist the country with technology transfer and local skill development.

Speaking in an interview with Reuters, Mrs. Dumour Trebar said while looking to benefit from technology transfer and local skills development, the GIPC is committed to ensuring that any partnership is mutually beneficial.