GIPC signs MoU with Oxford Business Group

Mrs. Trebah (left) and an official of OBG..

Mrs. Trebah (left) and an official of OBG..

The Ghana Investment Promotion Center (GIPC) has signed a Memorandum of Under-standing (MoU) on research with Oxford Business Group for its forthcoming report on the coun-try’s economy.

Under the MoU, which marks a fourth year of collaboration, OBG will have access to the centre’s resources to compile the Report: Ghana 2015.

OBG is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Africa, Middle East, Asia and Latin America and the Caribbean.

Speaking at the signing ceremony in Accra, Mrs.Mawuenah Trebarh, GIPC’s Chief Executive Officer said that OBG’s reports on Ghana had quickly become recog-nised as a trusted source of economic intelligence, serving as a valuable tool for investors both locally and on a global platform.

“As we prepare to build new links and support growth for Ghanaian businesses in the long term, we look forward to continued collaboration with OBG,” she said.

OBG’s editorial manager, Matt Johnson, for his part said, Ghana’s plans for reforms would be well received by investors, while its commitment to reducing the budget deficit to 3.5 per cent of Gross Domestic Product by 2017 had been noted by the IMF.

He said “Ghana’s economic outlook is positive, despite the challenges it faces, while the administration’s plans to invest in transport and utility infrastructure and encourage industrial expansion should benefit long-term growth.”

“The GIPC is a major player in Ghana’s push to attract foreign investors to the country and support local business development in key areas, such as electricity and infrastructure,” he said.

“I am delighted that its team and Ghana’s business community will once again share their local knowledge with us as we begin work on The Report: Ghana 2015,” he said.

The Report: Ghana 2015 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.

It will also contain a range of interviews with leading representatives and personalities.

The most recently published report from Oxford Business Group, The Report: Ghana 2014 explored how higher oil production, greater cocoa output and cheaper power look set to attract new investors to Ghana against a challenging economic backdrop.

The forthcoming edition will look into the country’s efforts at tackling its deficit and rising debt through fiscal tightening.

OBG’s latest report contains a contribution from President John Dramani Mahama, together with a detailed, sector-by-sector guide for investors.

It also features a wide range of interviews with leading representatives, including the Deputy Minister of Finance Mona Helen K Quartey, the Minister of Lands and Natural Resources Nii Osah Mills, the CEO of the Ghana Investment Promotion Centre (GIPC) Mawuena Trebarh and the Governor of the Bank of Ghana Kofi Wampah.

International personalities, including the US Secretary of Commerce, Penny Pritzker, the Regional Director for Sub-Saharan Africa and the Sahel at the German Federal Foreign Office, Georg Wilfried, Schmidt and the President of the African Development Bank, Donald Kaberuka, also give their views on Ghana’s development.

Andrew Jeffreys, OBG’s CEO, agreed that while the Group’s report on Ghana had highlighted several macroeconomic issues which needed addressing, the country should remain a draw for investors.

“Ghana’s position as a major regional upstream producer is now firmly established, while fresh finds may well prove significant,” he said. “With a new gas processing plant in place providing feedstock and boosting efficiency, and other sectors, such as ICT, ripe for expansion, all signs are that Ghana will continue to notch up steady growth, even as its economic base shifts somewhat,” he said.

By Times Reporter

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