Investment Courting Among Diaspora: Boosting Foreign Direct Investments and Domestic Direct Investments Inflow
Ghana Earths Up Campaign for Increased Foreign and Diaspora Investments
The Ghana Investment Promotion Centre (GIPC) is spearheading a global campaign to attract Foreign Direct Investments (FDIs) and Diaspora Direct Investments (DDIs) to strengthen Ghana's economic growth. The initiative, named the Ghana Diaspora Connect Roadshow, takes the GIPC team across several US states, showcasing Ghanaian investment opportunities and promoting collaboration.
Over the past five states in the USA—California, Washington State, New York, Georgia, and Washington D.C.—the roadshow team, led by GIPC's CEO, Yofi Grant, has presented the CAUSE Programme and outlined investment opportunities in Ghana's selected sectors. Besides demonstrating viable avenues for bilateral trade and investments, the roadshow also offers a platform for diaspora investors and entrepreneurs to network with government officials and contribute to national policy making.
Mr. Grant highlighted the focus on increasing DDIs through the mobilization and engagement of diaspora investors and entrepreneurs. He expressed optimism that this initiative would spur local economic growth and foster partnerships for mutual economic benefits. The US$2.64 billion in FDIs recorded in 2020, despite the pandemic's economic disruption, bolsters this positive outlook [Reference omitted for brevity].
Meetings held with various US companies during the roadshow, including Overland Tandberg, Microsoft, SpaceX, Tyler Perry Studios, the US Chamber of Commerce, and other notable companies, signify significant collaboration potential. The roadshow culminated in a Diaspora Investment Meeting in Washington D.C., focusing on harnessing DDIs for economic development.
Attendees hailed from various groups, such as Ghanaian associations, the Washington Metro Area Business Community, African American Community groups, and other potential investors, ensuring a diverse cross-section of Ghanaian diaspora engagement in the country's growth agenda.
The Ghana Diaspora Connect Roadshow forms part of the broader efforts by the Ghanaian government to engage diaspora communities, mobilize investments, and promote economic collaboration towards sustainable development and job creation. Understanding the economic potential of the diaspora, this initiative reflects a strategic commitment to fostering diaspora participation in Ghana's economic transformation.
- The Ghana Investment Promotion Centre (GIPC) is focusing on increasing Diaspora Direct Investments (DDIs) to strengthen Ghana's economic growth as part of their global campaign.
- The Ghana Diaspora Connect Roadshow, led by GIPC's CEO, Yofi Grant, presents investment opportunities in Ghana's selected sectors and offers a platform for diaspora investors to network with government officials.
- Meetings with US companies like Overland Tandberg, Microsoft, SpaceX, and Tyler Perry Studios during the roadshow signify significant collaboration potential for foreign business investments.
- The initiative, aimed at harnessing DDIs for economic development, addresses personal-finance aspects by offering viable avenues for diaspora investment and growth opportunities in Ghana's economy.
- By engaging diaspora communities and promoting economic collaboration, the Ghana Diaspora Connect Roadshow contributes to sustainable development, job creation, and fostering mutual economic benefits through partnerships.
- The Ghanaian government's broader efforts to mobilize investments and development policies reflect a strategic commitment to involving diaspora communities in Ghana's transformation and economic development.
