The CEO of Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant, has emphasized the pivotal role played by Ghana's private sector in driving sustainable economic growth and development.

Despite facing challenges, primarily from external factors, the government is committed to partnering with the private sector to address the economic issues.

Speaking at the launch of the Centre's Ghana Club 100 Awards and the inaugural Ghana Investment and Trade Week in Accra, Mr. Grant highlighted the importance of establishing a strong foundation for the private sector to thrive in an investment-friendly environment.

He expressed confidence that through a robust partnership, the economy would exceed expectations.

This year's Ghana Club 100, themed "Accelerating Economic Growth: Amplifying Ghana's Global Market Footprint through AFCFTA," aims to provide a significant platform for promoting investment, trade, and knowledge exchange.

The event includes a series of exhibitions and an investment summit, culminating in the highly anticipated Ghana Club 100 Awards ceremony on Friday, 27th October 2023, all hosted at the Accra International Conference Centre.

Mr. Grant stressed the significance of private sector companies in international trade and investment, as their involvement can boost economic growth by creating export opportunities and attracting Foreign Direct Investment (FDI).

He lauded the collaboration with the MIE Group, organizers of the Ghana Investment and Trade Week, as it would help showcase Ghana and Africa's potential to a wider audience of potential investors from around the world, fostering valuable partnerships to accelerate development and economic growth in the country.

Regarding the government's efforts, Mr. Grant mentioned the Ghana Cares (Obaatampa) Programme, aimed at revitalizing enterprises with a capital injection of GH₵100 billion, 70 per cent of which comes from the private sector.

Despite the challenges posed by the pandemic and the Russia-Ukraine war, he applauded the private sector's commitment and the expected investment it would bring to the economy.

Mr. Joshua Mortoti, the Executive Vice President and Head of the West Africa Region of Goldfields, praised the GIPC's initiative and aligned Goldfields with Ghana Club 100 and other activities to promote Ghana as an investment destination of choice.

He also commended the introduction of the Ghana Investment and Trade Week, emphasizing its role in fostering strategic partnerships, promoting investment opportunities, and showcasing Ghana's potential for trade and investment.

Mr. Mortoti emphasized the need for GIPC to intensify its advocacy efforts to ensure robust protection for both local and foreign investments in the country.

He recognized the importance of a stable macroeconomic environment and predictable fiscal regime for businesses to thrive.

Additionally, he urged the GIPC to advocate actively for safeguarding businesses that have already invested in Ghana, particularly in industries like mining that significantly contribute to the country's economic development.

In conclusion, Mr. Mortoti hoped that future Ghana Club 100 rankings would come with physical and other incentives to encourage flourishing businesses and further contribute to the nation's development.

“There should be more intentional efforts to give fuller expression to Ghana’s more friendly business accolade and I hope in future a Ghana Club 100 ranking will come with physical and other incentives to make business flourish and continue to contribute towards the building of our nation Ghana. ”