The Ghana Investment Promotion Authority (GIPA) has launched the maiden Invest Ghana Summit to attract investment into value addition, industrialisation, and other productive sectors under the Government’s New Economy agenda. The summit, scheduled for November, is themed “Investing in Ghana’s New Economy: Building a Productive Economy that Creates Value and Competes Globally.” The launch took place in Accra on Friday.
The Minister of Trade, Agribusiness and Industry, Mrs Elizabeth Ofosu-Adjare, launched the initiative, stating that it aligns with President John Dramani Mahama’s agenda to shift the economy from raw material exports towards value addition, innovation, productivity, and globally competitive enterprises. She emphasized that investment is critical to Ghana’s economic transformation.
Mrs Ofosu-Adjare called for sustained partnerships among the State, private sector, foreign investors, and financial institutions to create jobs and drive growth. The Ministry and GIPA are working together to attract investments that would generate employment, transfer technology, strengthen local supply chains, and add value to the country’s natural resources.
The summit aims to support industrialisation by attracting investment into manufacturing, agribusiness, processing, and other productive sectors, in line with the Government’s 24-Hour Economy policy. The Chief Executive Officer of GIPA, Mr Simon Madjie, stated that the summit comes at a crucial time in Ghana’s economic recovery, citing stronger growth, easing inflation, and improved international reserves.
Mr Madjie mentioned that government initiatives, including the Big Push, the 24-Hour Economy, and the Accelerated Export Development Programme, provide opportunities to mobilise investment, technology, and expertise to expand productive enterprises. The summit will showcase bankable investment opportunities across the 16 regions, focusing on manufacturing, agribusiness, and processing, among others.
Ghana, as it approaches 70 years of independence, needs to promote productive investments that build industries, expand local enterprises, and create sustainable jobs. Mr Madjie outlined reforms to the country’s investment framework under Act 1135, which removed the US$500,000 minimum capital requirement for wholly foreign-owned enterprises.
The launch brought together representatives of government agencies, members of the diplomatic corps, business and trade chambers, private sector leaders, and development partners. The summit is expected to build partnerships, explore opportunities, and contribute to Ghana’s economic transformation.
Key points
- The Invest Ghana Summit aims to attract investment into value addition and industrialisation.
- The summit is part of the Government’s New Economy agenda to shift the economy from raw material exports towards value addition and globally competitive enterprises.
- The summit will showcase bankable investment opportunities across the 16 regions, focusing on manufacturing, agribusiness, and processing.
