GIPC considers establishing regional investment promotion agencies

GIPC considers establishing regional investment promotion agencies
Source: Ghana| JoyBusiness
Date: 15-06-2017 Time: 12:06:57:pm
Yoofi Grant

The regional investment promotion agencies according to the center should help in investment attraction especially as government undertakes the “One-District, One-Factory” project.

Countries like South Africa have such agencies in place and it appears to be yielding results. Chief Executive of the GIPC, Yoofi Grant tells Joy Business, Ghana may adopt the model to boost its investment drive.

Mr. Yoofi Grant said, “GIPC currently has three offices nationwide, that’s woefully inadequate. So we do not exploit our own opportunities extensively. But if you look at the one district, one factory policy for example because of that, I think it is important to have regional IPAs because they are best to know what is there, they can capture it best and package it best for investors.”

He added, “So take Ashanti region for example – great possibilities, take Volta region – great agriculture, great manufacturing, great water transport possibilities.”

He said the setting up these IPAs would promote investments in the various regions.

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