Switzerland partners GIPC to attract investment

Ghana Investment Promotion Centre (GIPC) has embarked on capacity building programme which is supported by Switzerland through its Investment Promotion in Sub-Saharan Africa (IPSSA) initiative to enhance the capacity of the GIPC to induce concrete foreign direct investments into Ghana through the organization of matchmaking events in Switzerland and Ghana.

This programme is being implemented in two countries in Africa; Ghana and Madagascar. The selection of these two countries was done after a team of consultants had visited some African countries to assess their preparedness for such a programme.

In a Memorandum of Understanding (MoU) signed in August this year, Switzerland through the IPSSA initiative will assist GIPC to identify and build strong portfolio of investment projects for local and international promotion. In addition, GIPC is will conduct sensitization campaigns to encourage Ghanaian companies to come up with marketable investment projects. The initiative will provide the platform to market these investment projects internationally during the Road show in Switzerland in February and the Ghana Investment Forum 2010 scheduled for June next year.

“The unique thing about the IPSSA initiative is that GIPC is supported to identify, package and market specific investment projects” commented Felix Quansar, IPSSA Project Manager Ghana. The specific investment projects will be from several sectors with agribusiness being the priority sector.

This Swiss funded IPSSA initiative is linking with the UNIDO Regional Africa Programme (AfriPANet) which seeks to support GIPC and other investment promotion agencies in Africa to fulfil their investment promotion mandate.

The Embassy of Switzerland to Ghana implements the official Swiss Economic Development Assistance to Ghana granted through the Swiss State Secretariat for Economic Affairs (SECO). Switzerland’s assistance to Ghana concentrates on economic and trade measures in four main domains i.e. sound macro-economic policies and transparent public finances; financial sector development and strengthening; trade, competition and investment climate and basic infrastructure regulation and public utilities in energy. The OSEC Business Network Switzerland carries out IPSSA on behalf of SECO

For more information contact:

Mr. Felix Quansar Mr. Kofi Antiri

Project Manager Ghana Acting Director, (Evaluation, MIS & Budget)

IPSSA Ghana investment Promotion Council Darko Farms Office Complex investment House, 1 Gulf Street, Airport West

No. 4 Light Industrial Area DTD 204, Cantonments

Nyaniba Estates, Accra Accra

Phone : +233 244 239190

Phone : +233 52 12 38 to 242 fpquans@gmail.com kantiri@gipcghana.com www.ipssa.ch/ipssa www.gipcghana.com