GIPC realises about US$100m in investments under GETP

By Elizabeth PUNSU, Kumasi

The Ghana Investment Promotion Centre (GIPC) has secured nearly US$100million in foreign direct investment (FDI) commitments since 2019 under the Ghana Economic Transformation Project (GETP).

The GETP is a flagship initiative of government, implemented by the Ministry of Finance with funding from the World Bank. It aims to promote private sector-led growth, economic diversification and job creation.

Under one of its four components, which is focused on improving the enabling environment for investment and business growth, the project supports key institutions such as GIPC to strengthen their capacity in investment promotion, investor services and strategic outreach – particularly beyond Accra and the country’s major urban centres.

This support is geared toward creating a robust, decentralised investment ecosystem that drives inclusive economic transformation across all regions of the country.

Senior Operations Officer for GETP at the Ministry of Finance, Gabriel Benaiah Kofi Dake, highlighted these efforts at a brief ceremony in Kumasi – where two Toyota pick-ups procured under the project were formally handed over to support GIPC’s operations in the Ashanti and Northern Regions.

“This gesture is not just about transportation; it symbolises the project’s commitment to deepening institutional capacity and decentralising investment promotion.

“These vehicles will support GIPC’s Ashanti and Northern Regional Offices in fulfilling its mandate—facilitating outreach, investor servicing, and field-based monitoring to unlock investment opportunities beyond Accra,” Mr. Dake said.

He further expressed excitement at GETP’s role in strengthening GIPC’s systems, enhancing strategic outreach and boosting institutional visibility.

GIPC Chief Executive Officer, Simon Madjie, expressed appreciation to the World Bank and GETP for the donation. He noted the vehicles will significantly enhance staff mobility in the Ashanti and Northern Regions, enabling them to engage more effectively with businesses at the grassroots level and facilitate investment that benefits all.

In a related development, GIPC has launched a new 24-hour premium service aimed at enhancing Ghana’s appeal as an investment destination. The service will offer round-the-clock support to investors, ensuring timely assistance and continuous engagement.

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