Wednesday, 03 December

GIPC courts German investors with new economic incentives and industrial growth agenda

Business
GIPC boss in a photograph with the German delegation

Ghana has renewed its pitch to German investors, outlining fresh economic incentives and strategic reforms aimed at strengthening bilateral trade and accelerating the country’s industrial transformation.

Speaking at the maiden German–Ghana Business Dialogue in Accra, the Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, reaffirmed the government’s commitment to deepening economic cooperation with Germany.

He highlighted flagship national programmes—including the 24-Hour Economy Initiative, the Accelerated Export Development Programme (24H+), and the Big Push Agenda—as key drivers of productivity, export expansion, and industrial development.

Mr. Madjie explained that ongoing reforms to improve the investment climate were a central part of Ghana’s appeal.

These include a review of the GIPC Act, revisions to minimum capital requirements, and bolstered investor protection frameworks.

He added that the Centre had further enhanced its aftercare and grievance-resolution mechanisms to ensure seamless support for both new and existing investors.

Encouraging German businesses to scale up their presence in Ghana, the GIPC CEO pointed to opportunities in manufacturing, digital trade, pharmaceuticals, textiles, and other priority sectors aligned with the country’s long-term industrialisation strategy.

He assured potential partners that the Centre remained ready to facilitate new partnerships and help unlock mutually beneficial ventures.

Germany’s Ambassador to Ghana, Frederik Landshoeft, also lauded Ghana’s progress in stabilising its macroeconomic fundamentals and fostering a more predictable business environment.

He described Ghana as an emerging regional hub, noting that several German companies—from fintech and machinery to energy and agriculture—are making long-term commitments in the country rather than pursuing exploratory ventures.

Ambassador Landshoeft highlighted five key sectors with immediate investment prospects for German firms: energy and infrastructure, manufacturing and industrialisation, digital technology, the circular economy, and agriculture and food processing.

He also emphasised Ghana’s strategic position as a potential gateway to West Africa, presenting early investors with the opportunity to shape the region’s evolving markets.

 

 

Source: Classfmonline.com/Cecil Mensah