Western Region Seeks Closer Investment Collaboration
Joseph Nelson (2R) with his guests Government institutions responsible for investment and export promotion have been urged to strengthen their engagement with the Western Regional Coordinating Council (WRCC) to Read More... The post Western Region Seeks Closer Investment Collaboration appeared first on DailyGuide Network .
The Western Region is seeking enhanced investment collaboration with key government institutions to unlock its economic potential, according to Joseph Nelson (2R). The region boasts a robust productive base and a diverse array of exportable goods, necessitating a closer partnership among the Ghana Export Promotion Authority (GEPA), Ghana Investment Promotion Authority (GIPA), and the Western Regional Coordinating Council (WRCC).
This collaboration is crucial for driving investments that can generate employment, enhance production, and stimulate exports.
During a visit by GEPA's CEO, Francis Kojo Kwarteng Arthur, to Nelson's office, the Western Regional Minister emphasized the nation's ongoing dependence on imports. Nelson stressed the urgent need for the country to boost domestic production and intensify export promotion efforts. He highlighted the Western Region as a vital contributor to this agenda due to its abundant natural resources, thriving industries, and strategic economic location.
However, Nelson expressed concerns over insufficient information sharing between the regional administration and investment promotion agencies. He noted that the WRCC often remains unaware of companies operating within the region, despite their registration with entities like GIPA. Nelson questioned how to better support these companies and coordinate efforts effectively.
He stressed that inadequate coordination could hinder the region's ability to assist investors and manage challenges, including conflicts between companies and local communities.
To address these issues, Nelson advocated for a formal system that enables investment and export promotion agencies to share information regularly with the WRCC and synchronize their activities. He argued that stronger collaboration would prevent state institutions from operating in silos, allowing them to leverage their respective mandates and networks to foster a more robust investment climate.
Nelson concluded that such collaboration would significantly enhance the Western Region's role in Ghana's export and economic development objectives.
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