The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has shared insights on Ghana’s thriving business climate and the government’s commitment to fostering an environment conducive to both domestic and international investments.
Speaking to journalists on the sidelines of the Movenpick Accra Business Forum on Monday, March 30, Mr Madjie highlighted the government’s commitment to partnering with both domestic and international private sector actors to advance the country’s economic opportunities.
The forum, held under the theme “Building Confidence in Ghana’s Business Climate: Taxation, Forex & Investment Outlook,” was lauded by Mr. Madjie for providing a platform for collaboration.
“I commend the Movenpick Hotel for initiating this forum. Our expectation is that by its conclusion, we will witness enhanced collaborations between Ghanaians and foreign investors, reaffirming that Ghana is open for business and supporting the government’s growth agenda,” he stated.
Mr Madjie provided a snapshot of Ghana’s current investment landscape, noting that approximately $2.6 billion is committed across 255 projects, with significant inflows in the petroleum sector, free zones, and other industries.
“These figures reflect growing confidence in our economy. I would also like to commend my colleagues at the Petroleum Commission and the Free Zones Authority for their support in driving these investments,” he added.
He highlighted the petroleum sector as a particularly strong indicator of investor confidence.
“Some partners have announced investments of $2 billion to drill 20 wells. This alone shows the rising trust in Ghana’s petroleum sector and signals the potential for new investors to enter this space. We have witnessed the determination of the Minister of Energy and Green Transition, and the President of the Petroleum Commission, to position Ghana as a prime location for petroleum exploration. The ongoing negotiations are promising, and we expect tangible results very soon,” he said.
On the broader investment strategy, Mr. Madjie emphasised a targeted approach.
“We do not globetrot indiscriminately seeking investments. Our strategy is deliberate. The $2.6 billion projected investment for 2025 reflects the confidence investors have in Ghana’s economy and the leadership of His Excellency the President.”
He reassured investors of the government’s commitment to maintaining stability and encouraging reinvestment.
“The confidence extended by the government is a clear message: do not withdraw your capital. Stability has returned, the fundamentals are being safeguarded, and investors can anticipate meaningful returns when they commit to our economy,” Mr. Madjie explained.
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Source: www.myjoyonline.com