Yofi Grant, Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), has emphasized the importance of collaboration between the government and the private sector.

He outlined the GIPC’s ongoing efforts to foster partnerships that enhance Ghana’s business environment and attract both local and international businesses.

Since its inception, the quarterly CEO breakfast meetings have served as a platform for advocating policies and reforms aimed at improving the investment climate in Ghana.

In a recent address at the 3rd Ghana Club 100 CEO’s Breakfast Meeting, Grant highlighted that these meetings play a crucial role in facilitating discussions between stakeholders and pushing forward initiatives that support business growth.

“At the GIPC, we believe that sustainable economic growth can be accelerated through stronger, meaningful partnerships,” Grant said. “Our role is to facilitate these partnerships by providing the necessary support and creating an enabling environment for businesses to thrive, in collaboration with the Ministry of Finance, the Ministry of Trade and Industry, and other key agencies like the Ministry of Energy.”

The GIPC has bolstered its engagement with both local and foreign businesses through its various divisions, including monitoring and evaluation, aftercare, business development, and diaspora outreach. These efforts have been complemented by flagship events and programs designed to strengthen business partnerships and capitalize on new investment opportunities.

One notable initiative is the country-wide regional sensitization talks, aimed at helping businesses position themselves effectively for partnerships and leverage investment opportunities. These talks have contributed to a 15% increase in new business registrations over the past year.

Grant also reported a significant rise in Ghanaian investments, noting that in 2023, local investments registered with the GIPC surged to $3.5 billion. “This is a significant development,” Grant remarked, “as it demonstrates Ghanaians reinvesting boldly into their own economy.”

Further underscoring the GIPC’s commitment, Grant highlighted efforts to support businesses in attracting foreign direct investment and promoting Ghana as a premier investment destination. He pointed out that the GIPC’s focus on digital infrastructure and innovation has led to a 12% growth in the tech sector, diversifying the country’s economic base.

Looking ahead, Grant expressed enthusiasm for continued growth in the tech sector and other areas, anticipating further contributions from the Ghana Club 100 community to this vibrant sector.