GIPC wins Best Project award
The Ghana Investment Promotion Centre (GIPC) has won an award for Best Project in West and Central Africa Region for 2016 at the Annual Investment Meeting (AIM) 2017 in Dubai.
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The Chief Executive Officer (CEO) of GIPC, Mr Yofi Grant, was presented with the award by the Sultan, Bin Saeed Al Mansoori, United Arab Emirates (UAE) Minister of Economy, during the Investment Award Gala Dinner held at the weekend at Armani Hotel in Burj Khalifa, Dubai.
A release issued in Accra by GIPC said, “The GIPC, an agency under the Office of the President, won the award for the West and Central Region by showcasing the Rotan Power Project as a model project that meets the criteria for the awards.”
It added: “The project was registered by the centre in 2016 to generate a total of 660MW of thermal power at Aboadze in the Western Region of Ghana; at an estimated value of $1,055 billion. It is a joint venture owned by Singaporean/Ghanaian partners.
“The general requirements for submissions were; investment project, investment size, trade balance effects, knowledge transfer, technology transfer and innovative processes, sustainability and local linkages,” it stated.
The release said the award also recognised Investment Promotion Agencies (IPAs) for their outstanding work in successfully attracting sizeable and beneficial foreign direct investment projects that contribute to the national economic growth and development of their countries.
Awards gala
Last year, according to the release, GIPC was adjudged the Best IPA in West and Central Africa for 2015 at the same event.
This year’s awards gala is the seventh edition of the AIM and it was organised under the patronage of the Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum.
The theme for this year’s awards, which ends today, is ‘International Investment, Path to Competitiveness & Development’; focused on how to attract the right kind of international investment that contributes to the competitiveness of national economies. It sheds light on the special role of foreign firms in enhancing a country’s competitiveness which would in turn help them attract more investment.
GIPC is attending the conference in partnership with the Ghana Free Zones Board (GFZB).
The team has been working to showcase Ghana through an exhibition and a series of meetings organised with high profile business people and companies from the region.
