Business News of 2014-06-06

Trade Minister inaugurates GIPC Board

The Minister of Trade and Industry, Haruna Iddrisu, has tasked the newly inaugurated Board of Directors of the Ghana Investment Promotion Centre (GIPC) to work at removing bureaucracy and bottlenecks in the investment sector of the country.
The10-member board, chaired by the Chief Executive Officer (CEO) of KAMA Group of Companies Limited, Dr Michael Agyekum Addo, has, thus, been given 45 days to establish a one-stop administrative centre where investors can have their businesses registered and all their investment needs catered for within a short period.
The minister said “investors should be able to do business at ease,” and assured them of the government’s support in their quest.
Local investment
Mr Iddrisu also called on the board to work at ensuring that the domestic sector was not neglected.
He called on them to work at promoting both local and foreign investment in the country, as well as fine-tuning the issue of local content in foreign investment in the country to ensure that it did not become a disincentive to foreign investors.
The chairman of the board, in a response, assured the minister of the commitment of the members of the board to help improve the investment portfolio of the country.
He said the board would advocate a long-term development plan to ensure that they met the needs of the investor community.
Dr Agyekum Addo said as a board, they would work at protecting the country’s interest in all investments.
The board would also work at encouraging investment in deprived regions to help create job opportunities for the indigenes, he emphasised.
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