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Business News of Friday, 23 August 2019


GIPC touts investment opportunities at African American business summit

The Ghana Investment Promotion Centre (GIPC) has touted and pitched business and investment opportunities to a group of diasporans at the African American Business Summit in Accra.

The event, which is part of the ‘Year of Return’ was to expose the visitors to business and investment opportunities in the country.

Addressing dignitaries at the summit, GIPC’s CEO, Mr Yofi Grant, said there are significant opportunities in sectors including agriculture, manufacturing and production.

He explained that while political instability which could disrupt business growth has become a worry for many countries in the sub region, Ghana has justified itself as a politically stable democracy, supporting investments and ensuring business growth for more than two decades.

In a presentation, Mr Grant indicated that the domestic agricultural sector holds several potentials as Ghana is still largely dependent on imported food.

“We have tax waivers and other fiscal incentives on agriculture machinery import for investors who wish to embark on large scale farming for export and the domestic market”, he said.

Other prospects, the GIPC noted exist in the tourism and hospitality sector, healthcare, ICT, education, value addition and the packaging sectors.

CEO of the Ghana Tourism Authority, Mr Akwasi Agyeman said the main aim of the summit was to present investment prospects in Ghana to the visiting team and to enable them make decisions to participate in the country’s developmental process.

“As we want to forget about the terrible days of slavery, we want to now focus more on reaching out to our brothers in the diaspora to consider investing in Ghana and forming business alliances to contribute knowledge and resources to the economy.” He indicated.

At the summit, there were sector and industry presentations on the tourism sector and government’s flagship one district one factory policy.