A Ghanaian stand at a cultural festival in Berlin/Photo: AfricanCourierMedia

Ghana embarks on investment roadshow in Germany

ANNOUNCEMENT

As part of efforts to increase the inflow of Foreign Direct Investments and Diaspora Investment to Ghana, the Diaspora Investment Desk of the Ghana Investment Promotion Centre is organizing a 4- city investment roadshow in Germany.

Scheduled from October 3rd to October 13th, 2022, the roadshow held in collaboration with the Ghana Embassy in Germany will consist of high-level investment meetings in Frankfurt, Munich, Hamburg and end with a Diaspora Investment Meeting in Berlin.

The roadshow, themed “Investment in Ghana: Opportunities under the Ghana CARES Program,” aims to encourage the Ghanaian diaspora and German business community to look to Ghana for business and investments to supplement local economic efforts aimed at stimulating economic growth through the Government of Ghana’s Covid 19 Alleviation and Revitalization of Enterprises Program (CARES).

Another objective for this tour is to achieve increased awareness of the potential of Diaspora Direct Investment (DDI) and increase engagement with the diaspora to foster relationships and linkages for future exploits, diaspora led projects among others.

“Today, as developing countries like ours strive to recover from the economic fallout caused by the global health pandemic, the need for partnerships and Foreign Direct Investments have become even more critical. Diaspora bonds for instance, according to a World Bank Publication, have a significant potential to help poor countries overcome the expected drop in Foreign Direct Investment by generating up to $50 billion per year. Similarly, in order to restore economic stability, capital flows into the Ghanaian economy must be revived and increased through Foreign Direct Investment.” Yofi Grant, CEO of the Ghana Investment Promotion Centre, stated (GIPC).

Ghana German-Relations

Ghana is an important trading partner for Germany in the West African sub-region with Bilateral trade hitting more than 600 million euros at the end of 2020. Ghana mainly imports washing and bottling equipment, as well as cars, from Germany, and exports cocoa butter and crude petroleum to the country.

More so, with Ghana’s reputation as an “anchor of stability in West Africa” Ghana has established the Ghanaian-German Business Advisory Council, which serves as a forum for discussion between high-ranking government officials from both countries and corporations interested in doing business in
Ghana.

“German car maker VW recently commencing car assembly in Ghana is a testament to the strong Ghana German relations that we have. I believe this partnership can only get stronger and better as the two nations work to articulate clear and specific area of interest for FDI to create wealth for both nations. Also, as Germany host a large population of Africa migrants, we will keenly work to convert the developed contacts and bonds into practical business operations to increase overall investment inflows” explained Yofi Grant.

Other partners for this tour are the Ministry of Foreign Affairs and Regional Integration, The Deutsche Gesellschaft Für Internationale Zusammenarbeit Gmbh (GIZ), German African Business Association, Union of Ghanaian Associations In Germany (UGAG), Centre For International Migration And Development, and the Ministry of Information, Ghana.

For further information, please contact the Public Relations Division via
Phone: +233 302- 665125-9
Email: pr@gipc.gov.gh

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