GIPC enhances business environment to boost private sector growth

The Ghana Investment Promotion Centre (GIPC) says it hopes to strengthen businesses through enabling policies and innovative initiatives to spur job growth and sustained economic growth.

Speaking at the 21st Ghana Club 100 Awards in Accra last Friday, the Board Chairman, Alex Apau Dadey, said, “The GIPC will continue to create an enabling environment for businesses like yours to thrive, innovate and compete. 

The Centre's initiative of facilitating business growth, thereby contributing to job creation and sustainable economic development, will remain dedicated to nurturing the private sector for growth through transparency, efficiency and a strong culture of innovation.”

The assurance comes at a crucial time as Ghana seeks to strengthen its private sector and position itself as a preferred investment destination in West Africa. 

Through these enhanced support mechanisms, Mr Dadey said GIPC aims to create more opportunities for business growth and economic expansion.

He further stressed the importance of businesses maintaining high ethical and legal standards in their operations to attract investors.

 
Club 100 awards

Organised by GIPC on the theme: “Fostering Domestic Champions: Building Local Capacity”, the 2023 Ghana Club 100 Awards focused on celebrating businesses that not only excel in their fields but also contribute significantly to Ghana’s economic development and capacity building.

This edition served as a platform for companies to network, explore collaborative opportunities and expand their supply chains and market reach.

The awards were designed to inspire Ghanaian businesses to raise the bar in corporate governance and responsible business practices, aligning with the GIPC’s goal of creating a benchmark for excellence in Ghana’s private sector.

 
Winners

100 businesses were honoured for their outstanding achievement in various sectors of the economy. 

Newmont Africa’s Ahafo South Mine was, once again, adjudged the best company in Ghana at the 21st Ghana Club 100 Awards, beating Goldfields Ghana Ltd and MTN Ghana, who came second and third respectively.

Other winners were GCB Bank PLC; Sanda SoftCare FM Manufacturing Ltd; Ecobank PLC; AngloGold Ashanti Iduapriem Mine; Unicom Specialties Commodity Ltd (USCL); Sunon Asogli Power Company Ltd; Fidelity Bank; Aboso Goldfields Ltd; Standard Chartered Bank PLC; Guaranty Trust Bank Ghana Ltd, and TotalEnergies Ghana, among others.

 
Partnerships

The Chief Executive Officer (CEO) of GIPC, Yofi Grant, commended Ghana’s economic recovery amid global challenges, saying robust public-private partnerships will be key to sustaining growth.

“We are very proud to be able to honour companies that have done well despite all these numerous challenges the economy faces.

I believe strongly that if that partnership between the private and public sector goes strong into the future, this country will be the country we all want to see,” he added.