{"id":609886,"date":"2019-04-25T00:30:17","date_gmt":"2019-04-25T00:30:17","guid":{"rendered":"
\n

Business News of Wednesday, 24 April 2019<\/p>\n

Source: <\/strong>citibusinessnews.com<\/p>\n2019-04-24\n\n

\n

<\/p>\n

\n

Business News of Wednesday, 24 April 2019<\/p>\n

Source: <\/strong>citibusinessnews.com<\/p>\n

2019-04-24<\/p>\n

\n

\"YofiCEO of Ghana Investment Promotion Centre, Yofi Grant<\/span><\/span><\/p>\n<\/div>\n

Some stakeholders have called for an interrogation of the inflows from foreign direct investment reported by the Ghana Investment Promotion Center (GIPC).<\/p>\n

According to those raising issues with GIPC\u2019s figures, the reported targets and actuals are somewhat misleading.<\/p>\n

GIPC for example set for itself a target of $10 billion dollars in foreign direct inflows for the year 2018.<\/p>\n

For 2017 the Centre generated $4.91 billion out of its $5 billion projection, representing almost 100 percent of the target.<\/p>\n

In an interview with Citi Business News on the sidelines of the Graphic Business-Stanbic Bank Breakfast meeting on the theme \u201cAchieving sustainable Exchange Rate Stability\u201d Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Peter Quartey called for better tracking of investments under the watch of the GIPC.<\/p>\n

\u201cI don\u2019t know what is currently happening but I know for sure that some years ago we conducted a research on China-Ghana trade investment aid and we wanted data on investors who have entered into Ghana, which GIPC supplied us with. We tried tracking them to no avail. So the current complaints reinforce my perception from years back that the GIPC is not giving us the right numbers.\u201d<\/p>\n

But according to the Head of Research at the Bank of Ghana, Phillip Abradu-Otoo, he will need some convincing and education from the centre since the figures that the GIPC churns out do not pass through the central banks\u2019 balance of payment data.<\/p>\n

\u201cI think the GIPC is reporting on intentions rather than the actuals because we don\u2019t see those numbers pass through our balance of payment data. So it needs to be interrogated.\u201d<\/p>\n

Sharing his opinion on the same issue, the President of the Ghana Union of Trade Association (GUTA), Dr. Joseph Obeng highlighted the need for the centre to bring some clarity of their figures.<\/p>\n

\u201cEvery year, GIPC comes to announce some huge amount of inflows of FDI. It is about time we interrogate these things. Because if you speak of $5 billion worth of investment then you have to see something very tangible and also an improvement in employment.\u201d<\/p>\n<\/div>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business News of Wednesday, 24 April 2019 Source: citibusinessnews.com 2019-04-24 CEO of Ghana Investment Promotion Centre, Yofi Grant Some stakeholders have called for an interrogation of the inflows from foreign direct investment reported by the Ghana Investment Promotion Center (GIPC). According to those raising issues with GIPC\u2019s figures, the reported targets and actuals are somewhat […]<\/p>\n","protected":false},"author":1,"featured_media":596541,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-609886","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nStakeholders want GIPC\u2019s foreign direct inflows probed - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stakeholders want GIPC\u2019s foreign direct inflows probed - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Wednesday, 24 April 2019 Source: citibusinessnews.com 2019-04-24 CEO of Ghana Investment Promotion Centre, Yofi Grant Some stakeholders have called for an interrogation of the inflows from foreign direct investment reported by the Ghana Investment Promotion Center (GIPC). According to those raising issues with GIPC\u2019s figures, the reported targets and actuals are somewhat […]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Stakeholders want GIPC\u2019s foreign direct inflows probed\",\"datePublished\":\"2019-04-25T00:30:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/\"},\"wordCount\":372,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/\",\"name\":\"Stakeholders want GIPC\u2019s foreign direct inflows probed - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2019-04-25T00:30:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/25\\\/stakeholders-want-gipcs-foreign-direct-inflows-probed\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stakeholders want GIPC\u2019s foreign direct inflows probed - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/","twitter_card":"summary_large_image","twitter_title":"Stakeholders want GIPC\u2019s foreign direct inflows probed - Ghanamma.com","twitter_description":"Business News of Wednesday, 24 April 2019 Source: citibusinessnews.com 2019-04-24 CEO of Ghana Investment Promotion Centre, Yofi Grant Some stakeholders have called for an interrogation of the inflows from foreign direct investment reported by the Ghana Investment Promotion Center (GIPC). According to those raising issues with GIPC\u2019s figures, the reported targets and actuals are somewhat […]","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"headline":"Stakeholders want GIPC\u2019s foreign direct inflows probed","datePublished":"2019-04-25T00:30:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/"},"wordCount":372,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/","url":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/","name":"Stakeholders want GIPC\u2019s foreign direct inflows probed - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2019\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/#primaryimage"},"thumbnailUrl":"","datePublished":"2019-04-25T00:30:17+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2019\/04\/25\/stakeholders-want-gipcs-foreign-direct-inflows-probed\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2019\/#website","url":"https:\/\/www.ghanamma.com\/2019\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2019\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2019\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"}}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/609886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/comments?post=609886"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/posts\/609886\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/media?parent=609886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/categories?post=609886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2019\/wp-json\/wp\/v2\/tags?post=609886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}