The Chief Executive Officer (CEO) of Ghana Investment Promotion Centre (GIPC), Yofi Grant, has disclosed that Ghana recorded a little over $4.1 billion by way of Foreign Direct Investments (FDI) at the end of the third quarter of this year.
“We are very confident to make the $5 billion target. At the end of the day, we are looking at a situation where we can reposition this country to have FDI of $10 billion and above at any given time,” he mentioned.
He also hinted that the centre is developing a reporting, monitoring and evaluation system that will enable the centre track investment much better, which it will do at the end of the year with the overall aim to make Ghana a hub for West Africa.
Yofi Grant was speaking on the sidelines during a signing of Memorandum of Understanding (MoU) between GIPC and the Savannah Accelerated Development Authority (SADA to facilitate investment promotion in the country.
The agreement between the two agencies will showcase multiple investments within the SADA zone, in a bid to increase the influx of (FDI) into the region.
The MoU lays out plans for SADA to develop a one-stop information platform that will provide expanded, in-depth local support and up-to-date information to investors keen to explore investment possibilities on offer in the area.
GIPC will in turn market the investment projects developed by SADA to local and international business communities.
Both parties will also plan and implement joint investment promotions, missions, road shows and forums, both locally and abroad.