Ghana Investment Promotion Centre

Last updated

The Ghana Investment Promotion Centre commonly known as (GIPC) is the Government of Ghana agency established to encourage, promote and facilitate investments in all sectors of the economy of Ghana [1] except mining and petroleum which are handled by the Ghana Chamber of Mines [2] and the Ghana National Petroleum Corporation. [3]

Contents

Operations

The Centre seeks to boost and increase investment to develop the economy of Ghana. [4] Established by the Ghana Investment Promotion Centre Act, 2013 (Act 865), GIPC plays a crucial role in attracting both local and foreign investments to foster economic growth and development. T

the Centre aims to foster activities that would make Ghana accessible for global transactions. The centre has Four areas in which it operates, namely Investment Promotion, Investment Facilitation, Investment Advocacy and Aftercare Services and the focused sectors are Agriculture and Agro Processing, Oil and Gas, Health, ICT and Fintech, Manufacturing, Mining and Mineral Processing, Property Development, Recreation and Tourism, Energy, Education, Financial Services and Transport. [5]

Management

The Ghana Investment Promotion Centre serves as a critical agency in Ghana's efforts to attract investments, stimulate economic growth, and create employment opportunities. Its management board plays a significant role in shaping the policies and strategies that drive investment promotion and facilitation in the country.

Mr. Alex Apau Dadey is the board chairman and Mr. Reginald Yofi Grant is chief executive officer. [6]

Awards and recognition

GIPC has won several awards including the following:

See also

Related Research Articles

The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals.

<span class="mw-page-title-main">Economy of Zambia</span>

Zambia is a developing country, and it achieved middle-income status in 2011. Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). Zambia's economic performance has stalled in recent years due to declining copper prices, significant fiscal deficits, and energy shortages.

<span class="mw-page-title-main">Economy of Guyana</span>

The economy of Guyana is one of the fastest growing in the world with a gross domestic product (GDP) growth of 19.9% in 2021. In 2023, Guyana had a per capita gross domestic product of Int$60,648 and an average GDP growth of 4.2% over the previous decade. Guyana's economy was transformed in 2015 with the discovery of an offshore oil field in the country’s waters about 120 miles from Georgetown. Making the first commercial grade crude oil draw in December 2019, sending it abroad for refining.

<span class="mw-page-title-main">Ghana Stock Exchange</span> Stock exchange in Ghana

The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 equities and 2 corporate bonds. All types of securities can be listed. Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency. The GSE is located within the Cedi House in Accra.

Aluminium in Africa originates from bauxite, and within Africa is primarily found in Guinea, Mozambique and Ghana. Guinea is by far the biggest producer in Africa, and is a world leader in bauxite production.

<span class="mw-page-title-main">Mining industry of Ghana</span>

The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports. Gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008. Ghana is also a major producer of bauxite, manganese and diamonds. Ghana has 20 large-scale mining companies producing gold, diamonds, bauxite and manganese; over 300 registered small scale mining groups; and 90 mine support service companies. Other mineral commodities produced in the country are natural gas, petroleum, salt, and silver.

The Uganda Investment Authority (UIA) is a semi-autonomous investment promotion and facilitation organisation in Uganda and is owned by the government of Uganda.

National Investment Bank, normally abbreviated to NIB, is a state owned commercial bank in Ghana. It is one of the commercial banks licensed by the Bank of Ghana, the national banking regulator. NIB was form to promote industrialization of all sectors in the country. It has undergone management and financial restructure to help it attain higher financial levels across the world.

Ghana'sMinistry of Food and Agriculture (MOFA) is the government agency responsible for the development and growth of agriculture in the country. The jurisdiction does not cover the cocoa, coffee, or forestry sectors. The primary organisation and main area of the presidential administration of Ghana is the nation's Ministry of Food and Agriculture (MOFA), which is in charge of creating and carrying out policies and plans for the agricultural sector within the framework of an efficient national socio-economic development and prosperity agenda. The Ministry's plans and programmes are created, coordinated, and put into effect using frameworks for policy and strategy using a sector-wide approach. The Food and Agriculture Sector Development Policy II and the Medium Term Agriculture Sector Investment Plan were both developed with the aid of MOFA in relation to this.

<span class="mw-page-title-main">Mining in Zambia</span>

Mining in Zambia produces several minerals and is a critical part of the country's economy. Copper comprises 70% of Zambia's total export earnings, and the country produces about 20% of the world's emeralds. Mineral resources are distributed throughout the country. Zambia produced 763,287 metric tons of copper in 2022.

<span class="mw-page-title-main">Ghana Oil Company</span> State-Owned Oil company based in Ghana

GOIL PLC formerly known as GOIL Company Limited (GOIL) and Ghana Oil Company and also known as GOIL, is a state-owned Ghanaian oil and gas marketing company, formed on 14 June 1960. Currently it holds the place of Ghana's top oil marketing company, and is the only indigenous owned petroleum marketing company in Ghana.

The Ghana Club 100 is a yearly official list of the top 100 companies in Ghana. The compilation was first done in 1998 by the Ghana Investment Promotion Centre (GIPC) with the aim of recognition of the top 100 companies and to encourage competition and improvement of company products and services in the country. It is based on the responses of a survey conducted annually by the GIPC, which companies can voluntarily participate in by submitting various information, including their financial statements. Due to the voluntary nature of the survey, in some years the number of companies listed has been fewer than 100. Most of the companies listed on the Ghana Stock Exchange are included in Ghana Club 100.

<span class="mw-page-title-main">Ghana–Kenya relations</span> Bilateral relations

Ghana–Kenya relations are bilateral relations between Ghana and Kenya. Ghana is a partner of Kenya in many areas, particularly trade, agriculture and energy.

<span class="mw-page-title-main">Ken Ofori-Atta</span> Ghanaian investment banker and government official

Kenneth Nana Yaw Ofori-Atta, is a Ghanaian investment banker who served as the Minister for Finance and Economic Planning in the cabinet of Nana Akufo-Addo. He was a co-founder of Databank Group, a Ghanaian financial services company, and served as executive chairman until 2012 when he resigned. He was nominated by President Nana Akufo-Addo on 10 January 2017 and assumed office on 27 January 2017 as finance minister. On February 14, 2024, he was relieved of his position as the finance minister of Ghana by Nana Akufo-Addo.

Angela Kyerematen-Jimoh is a Ghanaian business leader and Microsoft’s Strategic Partnership Lead for Africa. Prior to joining Microsoft, she was the Executive Director/Regional Head for IBM North, East and West Africa from 2020 to 2021. She is the former Country General Manager for Ghana. She is the first fewomanmale to become country director of IBM in Africa and the first African and woman to be appointed Regional General Manager.

Mawuena Adzo Trebarh is a Ghanaian businesswoman. Trebarh was the first female CEO of the Ghana Investment Promotion Centre (GIPC) and the first female underground exploration geologist, amidst a 10,000 strong male-workforce mine-site in the Ashanti Region.

Sulemanu Koney is a Ghanaian engineer and mining executive. He is the chief executive officer of the Ghana Chamber of Mines, and the executive director of the ECOWAS Federation of Chambers of Mines.

The domain of international space politics gained significant traction during the Cold War. This was largely fuelled by the ongoing space race between the USA and the USSR. At this time in history, space exploration was an endeavour largely restricted to the global superpowers and seemed out of reach for many smaller, developing, nations to actively participate in. Subsequently, public concerns for the cost of research and development into novel space technologies did not receive sufficient policy and academic attention in Africa. As the Cold War reached its conclusion, political power began to diffuse across the world, and this led to many smaller nation states developing national and regional space capabilities. In the context of Africa, Nigeria, Algeria, Egypt and South Africa were the front-runners in terms of investments into space-related research and development.

<span class="mw-page-title-main">Costa Rican Foreign Trade Promoter</span> Costa Rican investment promotion agency

The Costa Rican Foreign Trade Promoter (PROCOMER) is a Costa Rican investment promotion agency responsible for export promotion programs, attracting foreign direct investment, and providing technical and financial support for the administration of Costa Rica's special export regimes.

The Islamic Chamber of Commerce, Industry, and Agriculture (ICCIA) is an international organization that represents the private sector of 57 Islamic countries. It was established in 1977 in Karachi, Pakistan, and has regional offices in several countries. The ICCIA aims to promote trade, investment, and cooperation among Islamic countries. It also provides services to its members, such as market research, legal advice, and trade promotion.

References

  1. "Ghana Investment Promotion Centre – GIPC" . Retrieved 2022-08-31.
  2. "The Ghana Chamber of Mines". ghanachamberofmines.org. Retrieved 2022-08-31.
  3. "Ghana National Petroleum Corporation". www.gnpcghana.com. Retrieved 2022-08-31.
  4. "About GIPC". GIPC. Retrieved 2023-09-06.
  5. "About GIPC". GIPC. Retrieved 2023-09-06.
  6. "Board Members". GIPC. Retrieved 2023-09-06.
  7. "About GIPC". GIPC. Retrieved 2023-09-06.