The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant has asserted that Ghana’s marketability has reached new heights, making it more attractive to foreign and international investors.
In an interview on Starr Chat with Bola Ray, Yofi Grant highlighted Ghana’s strategic advantages, citing its central global location and rich resources as making it highly marketable and attractive to investors.
He further emphasized that Ghana’s opportunities and marketability are at an all-time time.
According to Mr. Grant, this assertion can be largely attributed to Ghana’s impressive economic resilience during the COVID-19 pandemic, as it was one of the few countries that avoided recession and managed to achieve positive success.
He noted that this has significantly enhanced Ghana’s investment appeal and made it a good choice for investment. He further highlighted that Ghana is facing economic challenges due to its heavy reliance on importation, which significantly outweighs our exportation rate.
“Ghana’s opportunities and Ghana’s marketability, even now, is at an all-time high.
I mean, here is a country, and I keep saying this, and people say, you know, it’s not about politics. Three years preceding COVID, the country’s growth rate accelerated to an average of 7% GDP growth rate a year, for three years. Even during COVID, when, you know, everything went awry for everybody, and every country got its fair share of the whack of COVID, we were one of the few countries in the world, I think one out of 27 or 26 countries in the world, that did not go into recession.
We still had positive growth, despite the fact it was, what, 0.7% or something, you know. And the year after that, we immediately left, we had growth rates of 5. something percent”, he stated.
He continued, “And then, of course, the global conflicts came and gave us a double whammy. We got a good shellacking out of, you know, trade disruption, logistics disruption, value chain, and, you know, supply chain disruptions all over the place. And we had spent quite a bit of money also keeping people alive during COVID. So, of course, I mean, being a country where we are importing much more, I mean, almost everything that we are exporting, we were quite, I mean, we’re in a quandary, and we had to stabilize it, you know.
“And so that has given us major challenges, major economic challenges.” Mr. Grant further stressed the need to diversify the economy and boost exportation, in order to strengthen Ghana’s economic stability.”
The Ghana Investment Promotion Centre (GIPC) is a Government agency responsible under the GIPC Act, 2013 (Act 865), for encouraging, attracting, and promoting investments in Ghana.
Reginald Yofi Grant, popularly known as Yofi Grant, is the Chief Executive Officer of GIPC and has over three decades of experience in investment banking and finance. As the CEO of the Ghana Investment Promotion Centre, he serves on the Steering Board of the World Association of Investment Promotion Agencies, representing sub-Saharan Africa ¹. His expertise extends to various private and public sector boards and committees, including the Public Private Partnership Approvals Board, Ghana Export Promotion Authority Board, Ministry of Foreign Affairs and Regional Integration Advisory Board, Ghana International Financial Services Advisory Committee, and UK-Ghana Investor Group.
Under Yofi’s leadership, the Ghana Investment Promotion Centre (GIPC) has achieved exceptional success, earning recognition as the Best Investment Promotion Agency in West and Central Africa for five consecutive years.
Source: Ghana/Starrfm.com.gh/103.5FM/Salimatu Nuhu
