GIPC Boss Yoofi Grant
Ghana raked in about 829 million dollars in terms of foreign direct investment (FDI) into the country for the first half of the year. Chief executive of the Ghana Investment Promotion Centre Yoofi Grant has said.
The amount were realised from 122 projects recorded by the Ghana Investment Promotion Centre for the first half of 2021.
Speaking at the GIPC Annual Investment ( Spark Up ) Summit in Accra on Tuesday (7 September) Yoofi Grant said the GIPC has set up a diasporan investment desk to facilitate the inflow of FDI’s
“As at middle of the year despite the weak position by UNCTAD, we are seeing some very interesting numbers.”
“In the first half, a total of 122 projects (ie 94 new projects and 28 upstream existing) projects have brought in Foreign direct investment of 829 million dollars .”
“This gives 32.15 percentage increase of what we saw in the first half of 2020 which was 627 milion dollars.”
Yoofi Grant told the Sparkup summit the projects recorded for the first half will generate some eight thousand directs jobs.
Break down
Out of the 122 projects service sector came top 63 projects followed by manufacturing (24 projects) general trading (18 projects) building and construction ( 6 projects ) oil and gas (5 projects ) and export trade (5projects) with agriculture sector recording (1 project).
Despite the low figures in terms of projects recorded in the agric and oil and gas sectors for the first half of 2021, the GIPC boss is optimistic investment in the sector will gradually pick up in the coming months.
About Sparkup Summit
The summit which was officially opened by President Nana Addo Dankwa Akufo-Addo has attracted ministers of state, heads of financial institutions, facilitator agencies, local communities, young entrepreneurs, regulators, and private sector service providers to deliberate on ways of unlocking the country’s investment potentials to promote economic growth.
The event is on the theme: “Re-awakening the Giant; Maximising Ghana’s Investment Potentials”.
It is being organised by the Ghana Investment Promotion Centre (GIPC) in collaboration with the Ministry of Information.
Fred Dzakpata
