Forge strong synergies that will attract more FDIs – GIPC tells businesses

The Ghana Investment Promotion Centre (GIPC) has emphasized the need for stakeholders in the business space to forge partnerships aimed at creating synergies that spur economic growth.

This, the Investment Center explains will improve efforts aimed at attracting more sustainable Foreign Direct Investment (FDI) into the country and the African continent.

According to the 2023 World Investment Report by the United Nations Conference on Trade and Development, foreign direct investment (FDI) flows to Africa declined to $45 billion in 2022 from the record $80 billion set in 2021.

FDI flows to Ghana fell by 39% to $1.5billion.

Speaking at the 2023 second edition of the GIPC CEOs Breakfast Meeting in Accra, the Chief Executive Officer of the Ghana Investment Promotion Centre, Yofi Grant encouraged businesses to leverage on the availability of natural resources to establish strong business partnerships to attract more FDIs.

“We must be sensitive to the impact of foreign direct investment on our economy. After a couple of decades when the focus was on trade but today it is moving closer to seeing how we can create deeper and better opportunities for investment and one of the platforms where investments are being sought is sustainability. And this calls for the strong partnerships I have been emphasizing,” he said.