GIPA takes investment hunt to districts to unlock opportunities for local firms

The Ghana Investment Promotion Authority (GIPA) is expanding its efforts to identify investment opportunities throughout Ghana's districts and regions, with the goal of helping local businesses discover new avenues for growth. According to GIPA's Chief Executive Officer, Simon Madjie, this initiative includes regional investment roadshows to encourage Ghanaian firms to explore untapped markets within the country.

Madjie explained that some domestic businesses are unaware of investment prospects within their own regions. To address this, GIPA is conducting "investment opportunities mapping," which involves identifying prospects across all districts and regions.

The roadshows aim to turn the gathered information into actionable opportunities for businesses to assess directly. Madjie emphasized that domestic investors should remain central to Ghana's economic development, citing local content regulations and state-backed financing institutions as examples of efforts to strengthen Ghanaian enterprises. He highlighted the importance of understanding and developing value chains for sustainable growth, using Kasapreko as a case study of a company that has thrived through this approach.

Beyond focusing on Ghana's domestic market, Madjie noted that GIPA's mandate now encompasses supporting Ghanaian investment abroad. Under the new GIPA law, the authority can help local firms export capital to support their expansion into other African countries and international markets. This strategy is tied to the potential for competition within the African Continental Free Trade Area.

In summary, the district mapping exercise, regional roadshows, and support for overseas expansion collectively illustrate GIPA's dedication to helping Ghanaian businesses achieve growth both at home and abroad.