Despite the current economic challenges, investors are being encouraged not to be deterred when doing business in the country.

According to the Ghana Investment Promotion Center (GIPC), it is positioning itself to woo more investors to explore the investment opportunities in the various sectors of the economy to improve foreign investments.

Speaking to Joy Business at the 3rd Malta-Ghana Business Forum in Accra, Deputy Chief Executive, Yaw Amoateng Afriyie, stated his outfit is poised to generate more local and foreign direct investments into the country this year.

“Beyond foreign direct investments, we are also mindful that there are lot of activities from local investors. Ghanaians are investing more in Ghana and GIPC, which is the body responsible mobilizing not just foreign direct investments but also local direct investments want to encourage local investors in the near term”.

On her part, chairperson of Trade Malta, Liz Barbaro Sant expressed Malta's readiness to do business in Ghana.

She asserted that Ghana must consider Malta as its home in Europe; a partnership of growth and economic prospects.

“There is ICT, there were signing of MoU’s. we still exploring the different opportunities in the oil and gas as well as the education system.”

“Just a few years before Covid-19, there was an exchange of students from your fire-service where they came to train in emergency services”.

Deputy Minister of Trade and Industry, Anthony Baafi called on Maltese businesses to take advantage of the automobile, pharmaceutical and garment industries.

The forum saw the signing of MoU between Maltese Investors and their Ghanaian Counterparts. The MoU empowers both parties to set up a strategic think-tank composed of officers from both agencies and partnered stakeholders who will devise a three-year strategy covering areas of mutual interest.

The Business Forum brought some Maltese and Ghanaian companies together to connect, network and forge business alliances for mutual benefits.