KGL Group Sponsors 1st GIPC Diaspora Investment Summit

KGL Group, an award-winning 100 percent Ghanaian-owned conglomerate, has provided support to enable the successful hosting of the debut Ghana Diaspora Investment Summit 2021 organized by the Ghana Investments Promotions (GIPC), in collaboration with Diaspora Affairs and Office of the President, to attract foreign direct investments into the country.

The event seeks to attract top investors around the world to come under one roof and to position Ghana as the ideal investment destination for the next decade leveraging on the Ghana Beyond Aid and Beyond the Return Agenda.

The summit, held under the theme ‘The New Normal: Leveraging Diaspora Investments To Build Back Better’ highlighted diasporan collaborative investments as an integral lever to spur rebound growth in the fall out of the global pandemic.

The two-day summit brought together policy makers, corporate entities, private sector business and investors, both local and across the diaspora. They engaged to identify entry barriers and propose viable solutions to create an enabling environment to foster direct local investments.

The two-day event was held on June 23rd and 24th at the Kempinski Hotel, and as part of the key note addresses, Mr. Yoofi Grant, Chief Executive of the GIPC and Mr. Ken Ofori-Atta, the Minister for Finance, provided an overview of the collaborative effort between Government and the GIPC to minimize entry barriers to investments and provide a sustainable environment conducive to business growth.

Mr. Alex Dadey, Executive Chairman of KGL Group, speaking from his perspective as a diasporan entrepreneur with over 30 years experience working across multiple industries, highlighted the need for multilateral collaboration and diaspora socio economic inclusion.

Recounting from his experience working in the UK and Ghana across different sectors, Agriculture, Fintech, Trade Finance, Technology and his most recent venture into technology service delivery partnerships with public sector institutions such as the NLA, Mr. Dadey broke down inward investments into four distinct categories: Remittances, Direct, Portfolio and Philantrophic investments.

In his submission at the event, Mr. Dadey also identified a two-prong approach of a deliberate policy on the part of Government to drive local and diaspora collaboration combined with promoting the revenue generation success stories of diasporans, as levers to make direct investments attractive and guide prospective investors across the diaspora to navigate the boundless local investment opportunities in Ghana.

The two-day event also provided a business development platform for participants to engage across different sectors: Agriculture, Real Estate, Technology, Fin-Tech and FMCG under a series of structured business to business sessions.

Mr. Dadey has been a strong advocate for diasporan collaboration, and instrumental in initiating the recent edition of the Diasporan Homecoming Summit in 2017 and the Ghana Investment and Opportunities Summit in the UK, platforms which collectively roped in significant investments to leverage Ghana’s burgeoning opportunities.

The event climaxed with Mr. Alex Dadey reaffirming KGL Group’s commitment to fostering local and diaspora socio economic inclusion as sponsors for the maiden Diaspora Investment Summit event.