GIPC To Tap Local Investment

The Ghana Investment Promotion Council (GIPC) is to establish regional contact points to harness the high untapped local investment potentials to facilitate the growth of indigenous entrepreneur.

Chief executive Officer of the (GIPC), Kwesi Abeasi, made this known at a symposium on ?Private Sector Growth and Accelerated Wealth Creation? in Accra on Friday. It was part of the just-ended 56th New Year School organized by the Institute of Adult Education.

According to Mr Abeasi, a pilot programme the Centre carried out in the regions revealed the economic potential of these areas and expressed the need to support local entrepreneurs with access to credit and land to reduce the cost of doing business.

He said GIPC was establishing a one-stop investment shop to improve on its services to potential investors. The innovation, which started three years ago in collaboration with Custom, Excise and Preventive Service and the Ghana Immigration Service, would streamline administrative bottlenecks such as strenuous bureaucracy associated with the registration of businesses.