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GIPC and MOI Launches Spark Up 2021 In Accra (Pics + Video)

The Ghana Investment Promotion Centre (GIPC) in collaboration with the Ministry of Information (MOI) have launched Spark Up 2021, a platform they believe will help stakeholders to advance and onboard investments in the country.

According to the Chief Executive Officer (CEO) of GIPC, Yofi Grant, Spark Up 2021 will reunite the passion for investments in Ghana.

Speaking at the launch, Mr. Grant said “As you may be aware, the health crisis, we commonly call ‘Coronavirus’ has had an adverse impact on the global economy resulting in the 2.5% global contraction. Interestingly, Ghana still remains the African country growing positively, although it has not achieved its target of 2020. The pandemic is still with us therefore this calls for strategic and innovative ways, we can revive our economy, business so to attract foreign direct investors into the country”

He added that Spark Up 2021 will also serve as an avenue for investors, investee companies, investment facilitators, and the financial sector to discuss challenges and find solutions to making Ghana more attractive.

Mr. Grant described Ghana as a resource-rich country that has lots of natural resources at its disposal.

“We have quite a number of policies which are structured into an eco-system of developments and growth to create jobs among others and to reposition Ghana among other nations”

“But we cannot ignite a new trend or narrative where we trade or invest amongst ourselves and create wealth for the continent. By 2050, Africa will be one-quarter of the world’s population, it will be bigger than China and other countries”

The CEO also revealed that Ghana has been able to recoup over $830 million from Foreign Direct Investment (FDI) first half of 2021 to boost the economy despite the COVID-19 pandemic.

He, further, explained that despite the challenges the Coronavirus has brought on to the world by disrupting a lot of economies across the world, Ghana has been able to attract more investors into the country to help in building a resilient economy.

Mr. Grant added that the Government is hopeful that, it will be able to take in more revenue for economic development following the launch of its spark up 2021 program.

He stressed that the government has made a lot of strides in the building of a welcoming environment for investors to come and work as he says the country has made lots of strides in the year 2020 as the country was ranked 2nd best in Africa to have gained more Direct Investor Funds into the country.

Mr. Grant also disclosed that the Spark Up 2021 which is scheduled to take off in September is expected to bring together Industry players and relevant state agencies to partner and dialogue on ways of creating more employment opportunities for the youth among others.

On his part, the Minister for Information, Kojo Oppong Nkrumah was optimistic that the Spark Up project will go a long way in aiding the government's COVID economic recovery strategy.

He called for collective efforts in making the program work.

Below are pictures and a video:

Click on the link to watch the video:

Story by: Joshua Kwabena Smith



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