The Ghana Investment Promotion Centre (GIPC) is set to map out investment opportunities in all districts across the country, a move aimed at providing investors with district-specific data to guide their investment decisions.
The newly appointed CEO of GIPC, Simon Madjie, revealed this strategy during his first official engagement with the Centre’s staff, emphasizing the need to shift from generic investment promotion to a data-driven approach.
He planned to deploy regional directors across the country to oversee the project, ensuring that every district’s unique economic potential is properly documented and marketed to investors.
“It is very important that in our investment promotion efforts, we speak about the country’s opportunities with specific data, not generic assertions,” Madjie stated.
This initiative aligns with Ghana’s broader agenda of attracting Foreign Direct Investment (FDI) by streamlining investment processes and aligning them with national development priorities. By mapping out investment hotspots across the country, the GIPC aims to make Ghana more competitive on the global stage.
Furthermore, the mapping would provide detailed, region-specific data on investment opportunities that would attract investors who are looking for precise information on where and how to invest.
Instead of a one-size-fits-all approach, this strategy allows investors to identify regions that align with their industry, whether it’s agriculture in the Northern regions, tourism in the Central Region, or manufacturing in the Ashanti Region.
Currently, investment in Ghana is concentrated in Accra, Kumasi, and a few other urban centers, therefore the mapping would encourage investors to explore opportunities in less developed areas, leading to more balanced economic growth, job creation, and improved infrastructure across the country.
However, investment mapping would also highlight opportunities for partnerships between foreign investors and local businesses. Small and Medium Enterprises (SMEs) in various regions would gain access to funding, technology, and expertise, helping them scale up and become part of global value chains.
The Ghana Investment Promotion Centre (GIPC) CEO’s initiative to map out investment opportunities across all districts aligns closely with the One District, One Factory (1D1F) program introduced by the previous NPP government. Both initiatives could share a common objective: promoting industrialization and decentralized economic development by leveraging the unique resources and strengths of each district.
Beyond district investment mapping, Madjie outlined other strategic plans, including the establishment of an AfCFTA Desk to position Ghana as a key player in the African Continental Free Trade Area (AfCFTA) and a continued review of the GIPC Act to enhance efficiency.
With the establishment of the AfCFTA Desk at GIPC, the investment mapping would also help Ghana position itself as a key player in intra-African trade. By identifying sectors with export potential in different regions, Ghanaian businesses can take advantage of the African Continental Free Trade Area (AfCFTA) to expand into other markets on the continent.
With this renewed focus on district investment opportunities, Ghana would see increased investor interest in sectors beyond the traditional economic hubs of Accra and Kumasi, paving economic potential in every part of the country.
