GIPC, German Cooperation sign €762,300 financing agreement

The Ghana Investment Promotion Centre (GIPC) has signed a €762,300 financing agreement with the German Federal Ministry for Economic Cooperation and Development to help address challenges in the investment sector that had been worsened by the coronavirus disease (COVID-19).

Under the agreement, the two parties would mobilise investment and promote job-creating growth of enterprises in the country.

It will also support potential investors who were unable to travel due to COVID-19 restrictions to obtain relevant information as well as facilitate the design of match-making platforms to connect international investors to local businesses.

The agreement was signed in Accra last Thursday between the Chief Executive Officer (CEO) of GIPC, Mr Yofi Grant, and the Head of Special Initiative Training and Job Creation at GIZ Ghana, Mr Gerald Guskowski.

Significance

Mr Grant described the agreement as pivotal to the digital agenda of the government.

“This joint effort comes at a crucial time for Ghana in the global context where governments are designing more strategic and innovative ways to promote investment and boost economic growth,” he said.

According to the CEO, the cooperation between the two would also facilitate the provision of information to investors as well as support companies to address investment barriers.

The Head of Development Cooperation at the German Embassy, Ms Dorothee Dinkelaker, expressed her excitement about the formalisation of the partnership which she said would facilitate the implementation of joint projects to promote investment and safeguard jobs in the country.

Source: The Daily Graphic