'More local investors show interest in economy'

• Published date: 11 February 2019
• Publication title: Business and Financial Times

In spite of capital formation challenges, more home-grown investors are taking up investment opportunities in the economy, the Ghana Investment Promotion Centre (GIPC) has said.

GIPC, the agency entrusted with making the country sellable, said lately it has seen a rise in the number of Ghanaians knocking at its door for opportunities.

It said indigenous investors, just like foreign ones, are given the same incentives or, in some cases, more, contrary to views held by many that the centre only supports foreign businesses.

'What is happening lately is that we are recording a lot of indigenous investors coming to us,' GIPC's Chief Executive Officer, Yofi Grant, told the B and FT in Accra.

Although Mr. Grant admitted that more needs to be done to support indigenous investors, he said there were numerous opportunities available for them to take advantage of.

More importantly, he said it was imperative to make it easier for locals to do business and that it was GIPC's goal to attract more home-grown investors.

'Although I concede that there is not a lot of capital formation domestically, there are still great opportunities, especially in the One District, One Factory and Planting for Food and Jobs initiatives, as well as in Tourism and ICT,' he indicated.

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'What we want to do is to create an enabling environment where both foreign direct investments and indigenous direct investment play...