GIPC is working on modalities

Accra, Nov. 19, GNA - The Ghana Investment Promotion Centre (GIPC) is making efforts to give indigenous Ghanaians a more active and rewarding role in Ghana's economy through the negative list.

The Negative List which is being developed, delineates activities reserved for Ghanaians and majority-owned Ghanaian companies. "This is tailored to ensure Ghanaians play an increasingly prominent role in our economy and stimulate the effective development of indigenous capabilities, a statement from the Centre said on Wednesday. The Centre is in the process of placing before Parliament, the revised GIPC Act that is "Ghana Investment Council Act 2008". The GIPC Act lays specific emphasis on the empowerment of Ghanaians to actively take advantage of emerging economic opportunities in different sectors of the economy such as oil and gas, trading and certain aspects of the distribution of imported products.

The Ghana Investment Promotion Centre is a government agency re-established under the GIPC Act 1994 [Act 478] mandated to encourage, promote and facilitate investment in the Ghanaian economy in all sectors with the exception of mining, petroleum, free zone activities and the privatization of Government entities. 19 Nov. 08