The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Oxford Business Group (OBG) for its forthcoming publication dubbed: “The Report: Ghana 2018”.
Under the MoU, GIPC, a longstanding partner of OBG, would contribute to the Group’s research for the publication.
A statement from OBG and copied to the Ghana News Agency said the forthcoming report would chart Ghana’s efforts at enhancing its investment environment through a raft of incentives and reforms.
The statement noted that the publication would explore the Government’s bid to promote industrialisation, especially in the manufacturing sector, where a drive to boost capacity is under way.
Mr Yofi Grant, the Chief Executive Officer of GIPC, said the Centre was working to improve Ghana’s competitiveness and business climate, both independently and within the Economic Community of West African States (ECOWAS), by benchmarking it against international best practices.
In addition to pursuing macroeconomic stability, he said Ghana was also repositioning to be an economic hub for West Africa.
“One of Ghana’s primary goals in attracting investment is stimulating value addition in multiple sectors which, in turn, will produce a number of benefits, ranging from increased employment to capital accumulation.
“I look forward to exploring these and other developments that are helping to drive Ghana’s economy forward and once again sharing our findings with Oxford Business Group’s team,” Mr Grant added.
Ms Shadeh Van Esch, OBG’s Country Director, said she was confident that GIPC’s input would give investors a valuable understanding of emerging opportunities across all sectors, and improve the country’s business climate.
“Ghana’s efforts to facilitate investment are beginning to yield results, with the country ranking top among the West African nations for doing business, according to the 2017 Ease of Doing Business Report,” she said.
“GIPC plays a pivotal part in encouraging, promoting and facilitating inflows into the country, working to create an attractive incentive framework for businesses.
I am delighted that our team will once again benefit from the centre’s insight as we begin work on this important report,” Ms Van Esch noted.
Other issues to be analysed include Ghana’s plans to leverage new technology and bolster connectivity as a means of heightening business activity.
OBG is a global research and consultancy company with a presence in over 35 countries in Africa, Asia, the Middle East and the Americas.
Source: GNA | Ghana