Politics

Don’t frustrate investors – Oppong Nkrumah to GIPC agency heads

The Minister of Information, Mr Kojo Oppong Nkrumah, has urged heads of agencies affiliated to the Ghana Investment Promotion Center (GIPC), to create an enabling environment to attract investment from Ghanaians diasporans into the country.

“My biggest word will go to what I call the facilitators. The facilitators are those who work in the various organisations or agencies that are supposed to actually make it possible for people to be on board in this investment process and they span a wide scope”, he said.

“They are people from regulatory agencies, utility organisations and people who are supposed to give permits”, he explained, adding that there are “many things in the value chain that will finally make it possible for that potential investment that we are expecting to connect with opportunities back home”.

Mr Nkrumah observed that: “Half the time, the facilitators are those who frustrate the process”.

“It doesn’t matter how well the president will do to try and stabilise the economy or how far he will travel to sell Ghana or what the GIPC will do to put things like this together, it doesn’t matter how much capital people have out there. If we, the facilitators, who are responsible for unlocking the kind of investment so that they can connect with the potential, if we frustrate the process, the value will be zero,” the Ofoase Ayirebi lawmaker said at the maiden edition of the Ghana Diaspora Investment Summit in Accra on Thursday 24 June 2021.

Speaking on the theme: ‘The New Normal, Leveraging Diaspora Investments to Build Back Better”, Mr Oppong Nkrumah noted that many Ghanaians living abroad and Africans in the diaspora have the intention to reinvest their resources in the Ghanaian economy.

However, he noted, there were many bottlenecks that frustrated and caused them to lose interest in coming home.

Mr Oppong Nkrumah also stressed the need to effectively mobilise and engage the diaspora community as active partners in the nation’s development.

He called on the GIPC to foster constructive engagements with Africans in the diaspora and all people of African descent in areas such as trade and investment, as well as skills and knowledge development.

Source: Classfmonline.com

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