The government of Ghana is making tremendous business reforms by creating huge investment platforms to attract several investors into the country in order to boost the economy, claims the new Chief Executive Officer of the Ghana Investment Promotion Center, Mawuena Dumor Trebah.
According to her, by the end of its first four-year term, the Mahama administration will ensure that all the necessary interventions needed to attract foreign investors to enhance development in the country are in place.
The GIPC CEO also reiterated the government’s commitment to strengthen the economy by investing vastly in profitable ventures so as to make Ghana the first point of entry to investors across the globe.
Mawuena Trebah, who is seeking strategic investment opportunities in the country’s quest to solve the current power crisis, was speaking in an interview with Reuters News Agency.
She pointed out that efforts are being made by government through power providers to ensure that enough power is generated to meet demand.
Outlining the massive reforms the incumbent administration is putting in place to salvage the economy, Mrs Trebah disclosed that the GIPC has adopted new strategies to address the challenges investors face, including the revamping of the agribusiness sector by focussing on the production of millet and other cash crops to generate huge revenues for the economy.
She further said the GIPC is utilizing opportunities in the oil and gas sector in order to make the it attractive and conducive to investors. This she emphasized would create a congenial business environment for the investors.
“One of our big agendas is to ensure that there is more business exchange because we’ve outstanding entrepreneurs and businesses that are already on the ground; some that are local and that has excelled across the sub region, a due diligence process to present them to the international investing community,” she said.
Explaining her projections for the year 2013, she indicated that GIPC is working diligently to exceed its target in the previous year by obtaining more than $ 6.5 billion of investment in 2012 fiscal year.
She also revealed that the centre in its operations has created over 25000 jobs out of 136 projects it has undertaken.
Mrs. Trebarh was optimistic of the interventions that the centre is making under the Mahama administration, stressing the need for investments to be made in the major sectors of the economy.
“I want to be able to ensure that they recognize GIPC as that place to go and not to navigate through who they need to engage with, what laws apply to them, what benefits accrued to them. They have a one-top shop they can go to. They have someone who can support them through the entire investing process. And subseqently, they continue their operations, assist them to reach out to other places across our borders.
“There are great opportunities in Ghana. There are outstanding access opportunity because of our leverage so far as the sub region is concerned. The whole of ECOWAS is taking their tremendous opportunities as well and we want to seek to be that first point of contact,” she added