GIPC, German Corporation sign agreement worth €765,300 to promote job creation

The Ghana Investment Promotion Centre (GIPC) and German Corporation have signed an agreement to mobilise investments and promote job-creation growth of enterprises worth €762,300.

GIPC, German Corporation sign agreement worth €765,300 to promote job creation

The Ghana Investment Promotion Centre (GIPC) and German Corporation have signed an agreement to mobilise investments and promote job-creation growth of enterprises worth €762,300.

The amount will be invested to promote and maintain sustainable investment of European, German and African subsidiaries in Ghana to preserve and create direct and indirect jobs.

The Cooperation between the two Parties will address investment promotion challenges reinforced by the Coronavirus Pandemic to help maintain and create new jobs in Ghana.

Speaking at the signing ceremony, the Chief Executive of GIPC, Yoofi Grant, said the move will support potential investors who due to COVID-19 restrictions are unable to travel to obtain relevant information.

“This joint effort comes at a crucial time for Ghana in the global context, where governments are designing more strategic and innovative ways to promote investment and boost economic growth,” he said.

Mr. Yoofi said the intervention will also facilitate the design of match making platforms to connect international investors to local businesses.

The Head of Development Cooperation at the German Embassy, Dorothee Dinkelaker said 20 interested companies will be offered a business continuity training to strengthen their resilience to crises and support domestic Supply Chains and avoiding redundancies of 200 employees.

Ms Dinkelaker said they would support investors to mitigate the negative effects of COVID-19 by providing digital and demand-driven advisory services for European and other investors to continue investment processes despite global restrictions.

“In terms of investors aftercare we will support the introduction of a new Customer Relationship Management system,” she said.