More Investors Look Ghana�s Way

Investment requests by foreign entities are on the rise according to data from the Ghana Investment Promotion Centre (GIPC). This is due to renewed investor confidence largely as a result of the ongoing negotiations with the Bretton Woods Institution, the International Monetary Fund (IMF). This presents local businesses with huge investment opportunities by way of partnership with foreign investors. The Ghana Chamber of Commerce and Industry says it has initiated steps to develop the capacities of local businesses to take advantage of the opportunities. �This year, we are looking at how to get businesses well positioned to be able to take advantage of partnerships. We are introducing them to a lot of courses outside the country and encouraging them to take the advantage of the opportunity to upgrade themselves, said Chief Executive Officer of the Chamber, Mr Seth AdjeiBaah. Ghana�s socio-economic landscape experienced several upheavals last year. This was evidenced by undersupply of vital utilities, public sector industrial actions and an increase in the general cost of doing business. The private sector had to grapple with the depreciation of the local currency for several months until it began stabilizing a few months ago. The Chamber is an association of business operators, firms and industries set up to promote commercial and industrial interests in Ghana.