Upper East entrepreneurs to deepen regional investment
Entrepreneurs in the Upper East Region at a day’s sensitization workshop have pledged to take advantage of incentives provided under the Investment Act by identifying investment opportunities in the region.
The investment incentives and guarantees provided under the Ghana Investment Promotion Centre (GIPC) Act 478 offers custom duties exemptions for plant, machinery, equipment with zero-rated and concessionary duty items to be cleared automatically and directly through CEPS.
It also provides tax reliefs for Ghanaian investors and entrepreneurs ranging from 5-10 years in the real estate, rural banking, agricultural and agro-processing, waste processing and the Free Zones enterprise and Development sectors.
The entrepreneurs and participants including some District Chief Executives and Coordinating Directors promised to come up with project proposals to take advantage of existing opportunities to enter into joint venture businesses.
This came to light at a day’s sensitization workshop organized by the GIPC which formed part of a nationwide investment programme aimed at promoting enabling investments climate in all sectors of the economy.
Mr Kofi Sakyiama Antiri, Director of Research and Investment Development at the GIPC, said the GIPC was inviting project opportunities for screening and selection for direct promotion on the international investment markets.
He called on the participants to register with the GIPC as the initial step to enable them access support services and incentives provided by the GIPC.
Mr Daniel Syme, Deputy Upper East Regional Minister, applauded the GIPC for its sensitization drive saying government has taken a decision to re-think its development model based on thorough analysis.
He said the craft village, Paga crocodile ponds, Tongo Hills, Tensuk shrine, the Northern Star Tomato Factory and some small-scale irrigation sites were some potential investment avenues that could be tapped to develop the region.
Source: GNA