The Ghana Investment Promotion Centre (GIPC) convened the second iteration of its MDA-Investor Forum to further discussions on strengthening ties between government agencies and private sector enterprises in the nation.
Representatives from a variety of Ministries, Departments, and Agencies (MDAs), Metropolitan, Municipal, and District Assemblies (MMDAs), and investors were successfully brought together at the conference to discuss the current business environment and obstacles to doing business in Ghana.
Participants also have access to a wide range of investment options in many economic areas. The MDA-Investor Business Forum was established in recognition of the ability of MDAs and MMDAs to influence the investment environment, notably through the streamlined administration of permits and licenses, the supply of infrastructure and utilities, and the encouragement of regional economic growth.
Edward Ashong-Lartey, the director of investor services at the center, stressed the necessity of fostering synergies that will foster a favorable business environment while fostering stronger ties between MDAs and MMDAs and investors during his speech at the occasion.
In order to enable investors to turn risks into opportunities, he asked stakeholders to cooperate in removing bureaucratic bottlenecks.
He also reaffirmed GIPC's steadfast dedication to addressing investor problems and building the necessary alliances to support corporate growth.
He said that "the Center is building an investor grievance mechanism in partnership with the World Bank to enable early detection of investor difficulties and conflicts. This will be carried out in coordination with MDAs from various industries.
Ms. Cobbah, Head of Aftercare at GIPC, discussed how MDAs and MMDAs may improve the investment environment by reducing rules, automating administrative processes, and resolving local company issues.
She discussed some of the success stories of the center's aftercare program while tying in some of the investor worries and opinions already gathered. In addition to her other statements, the MOTI's head of business regulatory reforms, Ms. Diana Afriyie Addo, emphasized Ghana's continued efforts to improve the country's overall business environment.
She educated the audience on the web resource provided by her organisation (https://www.bcp.gov.gh), which provides access to data on all business rules and bye-laws.
She invited investors to make use of the platform so they could participate in ongoing discussions on regulatory reforms.
Involving the audience in a panel debate, the forum highlighted important problems plaguing the business sector and offered some practical answers.
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