Accra-Ghana: AfCFTA, GIPC Holds IPAs Capacity Building Conference
The Ghana Investment Promotion Company (GIPC) and African Continental Free Trade Area( AfCFTA) have commenced the African International Promotion Agencies (IPAs) capacity-building conference in Accra.
The two-day conference with the theme: “Equipping African IPAs to promote and facilitate investment for accelerating the implementation of the African Continental Free Trade Area (AfCFTA)” seeks to address challenges faced by IPAs in undertaking their core mandates, build their capacities in investment promotion, facilitation, and policy advocacy strategies as well as equip them for the attraction of sustainable investment.
Again, this workshop also served as a crucial platform for African International investment promotion agencies to learn more about the AfCFTA protocol on investment and explore strategies to support its implementation.
H.E Wamkeke Mene, general secretary of the AfCFTA Secretariat entreated African International Promotion Agencies on the continent to prioritize the provision of the investment protocol to take advantage of African wealth untapped and underutilized investment opportunities with projected 2.5 billion by 2050 driven by youthful workplace workforce coupled with abundant natural resources. Africa is expected to be among one of the fastest-growing regions in the world.
“Once the association is up and running it will assist and work with the secretariat to make sure that the pan-African trade and investment promotion agency is fully operational and reflects the interest and the objectives of the African Continent in the investment landscape”.
The minister for Trade and Industry Hon. K.T Hammond underscored that AfCFTA is a game changer for the continent’s prospects. “Remember that the success of the hinges on your collective determination and actions each one of you represents a crucial part of the solution”.
The chief executive officer of GIPC, Mr. R Yofi Grant explained that by working together, there will be a more investment-friendly environment across the region.
“by working together, we can foster a more investment-friendly environment across Africa, attracting the investment necessary to generate employment opportunities and propel economic growth”.
Mrs. Emily Njeri Mburu-Ndoria, Director, Directorate of Trade in Services Investment, IPR and Digital Trade, AfCFTA Secretariat said the AfCFTA protocol on investment is the bare-minimum standards for a new regime of investment governance to accelerate the attraction of sustainable and qualitative investment into Africa.
Story by Fada Amakye from Daily Sun