The Ghana Funding Promotion Centre (GIPC) has launched its Funding Alternatives Mapping Venture (IOMP), a transformative nationwide initiative designed to establish and promote viable funding alternatives throughout Ghana’s 261 districts.
This initiative was developed in collaboration with the Ministry of Commerce, Agribusiness, and Business (MOTAI), and the Ghana Export Promotion Authority (GEPA).
When carried out, the mission will unlock new financial progress and promote honest improvement throughout the nation. A key consequence might be a brand new on-line platform that permits traders from Ghana and all over the world to simply entry up-to-date data on funding alternatives. Particularly, the mission intends to:
- Assist facilitate new funding initiatives on the district degree, that are anticipated to create a number of new jobs.
- Construct a nationwide funding database overlaying all 261 districts and figuring out promising funding alternatives.
- Strengthen Ghana’s overseas missions to allow them to higher promote and entice investments.
- Enhance the power of regional ministers, native authorities leaders, and conventional authorities to advocate for native and worldwide investments successfully.
Launching the mission on the theme, “Unlocking Regional Funding Potential in Ghana for Financial Progress and Prosperity,” the Chief of Employees, Julius Debrah, described IOMP as a brand new period of inclusive funding.
“This initiative shouldn’t be merely about mapping alternatives; it represents a basic shift in our strategy to improvement. It goals to make sure that each Ghanaian, no matter their location, has an equal alternative to learn from funding and financial progress,” he added.
Mr Debrah lauded the GIPC’s sturdy dedication to advancing native funding, supporting Ghanaian enterprises, and empowering homegrown entrepreneurship.
He additional assured the Centre of the President’s full assist of the IOMP and urged all Regional Ministers and Metropolitan, Municipal and District Chief Executives (MMDCEs) to take possession of the financial transformation of their communities.
For his half, the CEO of GIPC, Simon Madjie defined that the IOMP was began for a number of causes, together with the necessity to encourage extra native capital by giving Ghanaians who’ve the means to spend money on their very own nation. “By way of this initiative, the federal government goals to extend Native Direct Funding (LDI) simply as a lot as International Direct Funding (FDI),” he stated.
Mr Madjie additionally identified that many native and overseas traders, in addition to Ghana’s diplomatic missions overseas and overseas embassies within the nation, have usually talked about the shortage of dependable information wanted to make knowledgeable funding selections and to advertise Ghana successfully. He emphasised that the IOMP is thus a well timed resolution that can present available and simply accessible data on particular, viable initiatives to draw traders.
He additional highlighted the core pillars of the IOMP, which embrace the Ghana Diplomatic Funding Drive (GDID). This drive goals to make Ghana’s overseas missions key ambassadors for funding. There’s additionally the Ghana Worldwide Funding Summit, deliberate to convey collectively worldwide traders, authorities leaders, trade consultants, and native companies to discover strategic funding alternatives throughout key sectors of Ghana’s economic system.
Mr. Madjie additionally talked about that beneath the IOMP, some key initiatives, such because the Volta Financial Hall, the Legon Pharmaceutical Innovation Park, the Kumasi Equipment and Expertise Park, and the Akosombo–Juapong Clothes and Textiles Cluster, amongst others, might be clearly profiled, well-presented, and actively promoted.
Moreover, he stated a collection of high-level boards, together with regional roadshows, might be held throughout the areas to lift consciousness of the mission. These occasions will even assist native governments, conventional authorities, and different related stakeholders learn to entice higher investments, handle them extra successfully, and facilitate their implementation.
Lastly, Mr. Madjie, known as on traders and companions to discover the various alternatives that Ghana has to supply by the IOMP.
James Gunu, the Volta Regional Minister and Dean of Regional Ministers, expressed his optimism in regards to the mission. He famous that it aligned with the federal government’s imaginative and prescient for regional improvement, notably the Volta Financial Hall, which is a key a part of the 24-Hour Financial system Venture.
He assured the GIPC of his assist and participation within the IOMP by the regional roadshows, stating, “We’re getting our districts and native teams prepared to verify the funding alternatives inside the area are well-prepared and introduced in a compelling manner”.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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