GIPC wins W/A Best Investment Promotion Agency for 3rd time

The Ghana Investment Promotion Centre (GIPC) has for the third consecutive time, been adjudged best Investment Promotion Agency (IPA)in West Africa by the Capital Finance International magazine (CFI.co).

The new CFI.co award adds to other respected honours the centre had received over the last few years.

The prestigious award arrived, right at the time, when the Centre’s Chief Executive Officer (CEO), Mr Yofi Grant, had been re-elected as the Director for Sub-Saharan Africa on the Steering Committee of the World Association of Investment Promotion Agencies (WAIPA).

In a citation, the CFI.co highlighted GIPC’s multi-level approach to investment attraction – leveraging technology, social media, and other ingenious initiatives to deliver on its mandate.

It further touted the centre’s effectiveness, in fashioning and supporting groundbreaking measures that have enhanced Ghana’s investment climate.

Commenting on the award, Mr Grant opined that it was a “testament to the great work being done by the centre, and the progress it has made so far”.

He added that “the Centre will continually strive to do more, to ensure that Ghana cements its place, as the investment hub of Africa”.

The GIPC, has in recent times upscaled its activities to keep up with changing business trends, as it sought to continually provide topnotch services to investors.

The Centre adopted a dynamic system which makes aggressive use of digital media, coupled with high-level stakeholder engagements and business-to-business (B2B) linkages.

It has also broadened Ghana’s investment pool, with increased advocacy for Diaspora Direct Investment (DDI), followed through by the establishment of Diaspora Investment Desk (DID).

This compounded with the set-up of an Aftercare Division, aimed at providing post-investment services to nurture lasting stakeholder relationships.

Moreover, in line with the global drive for sustainable investments, the GIPC collaborated with the UNDP to launch the Sustainable Development Goals (SDG) Investor Roadmap, which aims to mobilise private-sector investments to advance the SDG.

The afore-mentioned multifaceted drive by the Centre, helped it to attract an impressive amount of Foreign Direct Investment (FDI) amid the coronavirus disease crisis, leading Ghana to rank as the best country in West Africa to invest, per a latest report by the Rand Merchant Bank.

Aside the GIPC, other big winners of this year’s CFI.co awards included; the International Business Machines Corporation (IBM), Mckinsey and Company, JPMorgan Chase and Co., China Construction Bank (CCB), Germany’s Commerzbank (CBKG.DE), and UK’s NatWest Bank.

BY TIMES REPORTER

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