GIPC engineers over US$ 1.5bn investment into Ghana

An investment club made of 20 individuals representing multinational companies spread across the world are in Ghana to explore investment potentials in the country.

This is a follow up meeting led by the Ghana Investment Promotion Council (GIPC) in October last year in London on the sidelines of the African Global Business Summit. The club full of multibillion entities from the United Kingdom, Germany, India and South African are exploring the possibilities of investing over 1. 5 billion dollars in the power, oil and gas as well as infrastructure, real estate and the agricultural sector.

Chief Executive Officer of the Ghana Investment Promotion Center, Mawuena Trebah says she is excited their engagement with the business community over the period is now paying off.

She told the group are in Ghana to look at some specific areas of investment.

“Some of them have already gone through the registration process and we are looking at the permitting requirement so you can say we have moved beyond the primary stage and the prospects are high,” she added.

According to her, despite internal challenges facing Ghana in the provision of power, the country remains the major destination for investment in sub Saharan Africa.

The investment club led by the former United Kingdom minister for Africa Affairs, Mark Simmons has already met with President Mahama at the Flagstaff House.

At a dinner meeting organized by the GIPC, some members of the delegation praised the leadership qualities of the GIPC boss, Mawuena Trebah whom they described as very instrumental in their decision to explore Ghana’s investment opportunities.

They indicated the meeting represents a giant step in their operations Ghana.

“Ghana is an enviable record when it comes to good governance and political stability and we couldn’t have chosen another country in Africa to invest in,” Mark Simmons who is also a member of the UK Parliament added.

The group will leave Ghana on Saturday.    

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