Sunday, 26 April

GIPC urges diaspora to channel investments into structured ventures

Business
Simon Madjie,

The Chief Executive Officer of the Ghana Investment Promotion Centre, Simon Madjie, has called on Ghanaian professionals in the diaspora to shift from remittance-based support to structured, high-impact investments that can drive economic transformation.

Speaking at a Bank of Ghana roundtable held in Virginia, USA, Mr. Madjie acknowledged the importance of remittances to the economy but stressed that they are not sufficient to support large-scale industrialisation and sustainable job creation.

He urged diaspora investors to channel capital through transparent and secure investment vehicles that provide equity participation, sound governance structures, and clearly defined exit options.

Mr. Madjie highlighted Special Purpose Vehicles (SPVs), backed by the Ghana Infrastructure Investment Fund, as a viable entry point for diaspora investment.

According to him, such structures are designed to ring-fence assets, enhance accountability, and minimise investment risk.

He further outlined key sectors with strong investment potential, including agro-industrial development, infrastructure, pharmaceuticals, digital innovation, and electric mobility.

The GIPC CEO also pointed to ongoing regulatory measures, including oversight of emerging sectors such as cryptocurrency, as indicators of Ghana’s evolving and forward-looking investment environment.

 

The roundtable brought together diaspora professionals, policymakers, and industry leaders to explore practical avenues for mobilising diaspora capital into priority sectors of the Ghanaian economy.

Source: Classfmonline.com/Cecil MENSAH