News Headlines

We Will Meet $10bn Target – GIPC

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, has expressed confidence of meeting its 2018 target of registering foreign-direct inflows to the sum of $10 billion.The amount, when achieved, would be twice last year’s target of $5 billion.

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Government to Support Struggling Start-Ups

The government will roll out a project in August, this year, to scout for struggling young start-ups and provide them with the needed assistance to showcase their talent in the country.

Dubbed ‘Startup Ghana’, the Ministry of Trade and Industry (MoTI) and other stakeholders are working to draft the modalities to rollout the first edition of the project. It is intended to be an annual project to support the small and medium enterprises (SMEs).

A Deputy Minister of Trade and Industry, Mr Carlos Ahenkorah, announced this at the second edition of the Young Entrepreneurs Forum last Wednesday, in Accra.

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GIPC’s Incentives for Local Enterprises Untapped

 Local entrepreneurs are consistently missing out on incentive opportunities from the Ghana Investment Promotion Centre (GIPC) due to sheer reluctance to register with the Centre.

The GIPC Act (Act 865), does not make it mandatory for fully owned Ghanaian enterprises to register with the Centre, yet, certain benefits and incentives have been made available for local enterprises that register with the Centre.

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Major Boost for Young Entrepreneurs as Government Plans Impact Hubs on Campuses

The Trade and Industry Ministry is set to launch a start-up Ghana project in August to motivate and support entrepreneurs and start-up businesses to grow.

Speaking at the Second Young Entrepreneur’s Forum, Deputy Trade Minister Carlos Ahenkora said government will also set up five incubation centers at the various universities to help nurture the skills of young entrepreneurs.

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Baltic States to Make Ghana Gateway to West Africa – Yofi Grant

The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant has disclosed that the three Baltic States have expressed desire to embark on a major investment drive in West Africa using Ghana as gateway.

The Baltic States, located in the north-eastern region of Europe include Estonia, Latvia, and Lithuania, on the eastern shores of the Baltic Sea.

Speaking in an interview in the capital city of Latvia after participating in a Ghana – Latvia Business Forum, as part of a delegation led by the Minister for Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, Mr. Grant stated the GIPC’s aim at the forum was to strategically position Ghana to attract majority of investment inflows from Latvia and the rest of the Baltic world.

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