Ghana courts German investors with economic incentives

Ghana courts German investors with economic incentives

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has reaffirmed Ghana’s commitment to deepening economic cooperation with Germany, highlighting key national initiatives aimed at boosting investment and driving industrial growth.

Speaking at the maiden German–Ghana Business Dialogue in Accra, Mr Madjie said flagship programmes such as the 24-Hour Economy and Accelerated Export Development Programme (24H+), and the Big Push Agenda were central to government’s strategy to enhance productivity, expand exports and strengthen the country’s industrial base.

He noted that Ghana was undertaking significant reforms to improve the investment climate, including the review of the GIPC Act, adjustments to minimum capital requirements and enhanced investor protection measures.

He added that the center had strengthened its aftercare and grievance-resolution systems to provide seamless support for both new and existing investors.

Ghana courts German investors with economic incentives

Mr. Madjie encouraged German businesses to explore opportunities in manufacturing, digital trade, pharmaceuticals, textiles and other priority sectors aligned with Ghana’s industrialisation agenda.

He reiterated the Centre’s readiness to work closely with German investors to unlock new partnerships and advance Ghana’s long-term development objectives.

Germany’s Ambassador to Ghana, Frederik Landshoeft, commended Ghana’s progress in stabilising its macroeconomic fundamentals and creating a predictable business environment.

He described the country as a rising regional hub, noting that German companies operating in Ghana from fintech and machinery to energy and agriculture were making long-term commitments rather than experimental investments.

The Ambassador highlighted five sectors presenting immediate opportunities for German engagement: energy and infrastructure, manufacturing and industrialisation, digital technology, the circular economy, and agriculture and food processing.

He also noted that Ghana could serve as a gateway to West Africa, offering early investors the chance to shape the region’s future markets.

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