Ghana’s Deputy Minister of Trade and Industry launches 2013 World Investment Report

Accra – This year’s World Investment Report has been launched in Accra at an event organized by the United Nations Information Centre, Accra (UNIC Accra).

Deputy Minister Nii Lantey Vanderpuye launches the 2013 WIR

Deputy Minister Nii Lantey Vanderpuye launches the 2013 WIR

Launching the report, entitled “Global Value Chain: Investment and Trade for Africa”, the Deputy Minister of Trade and Industry, Hon. Nii Lantey Vanderpuye reiterated the need for the establishment of a strong West African Trade Hub to facilitate the right investment climate for countries in the region and to help their economies move up the value chain.

The Director of Research at the Ghana Investment Promotion Centre, Mr. Kofi Antiri, said it is the goal of the GIPC to ensure that every investor in Ghana has a positive experience.  He reported that the GIPC has come out with a new policy based on the following three pillars- Projecting the right image and reputation of the GIPC, improving investor’s experience of doing business in Ghana, and translating direct investments (foreign and domestic) into jobs and infrastructure.

 The Representative of UNIDO (United Nations Industrial Development Organization), Ghana, Frank Van Rompaey, made a presentation on Ghana’s position within the report.  He also shared some information on the 2011 Africa Investors Survey carried out by UNIDO.

 The 2013 World Investment Report, a 236-page report of the United Nations Conference on Trade and Development (UNCTAD) was presented by Mr. Phillip Cobbina, lecturer in Business Policy and Strategy, and International Business Management at GIMPA Business School.

Delegates representing key private and public sector institutions and academia discussed the need for Ghana to improve its regulatory practices in order to maintain credibility and a positive reputation.

Cross section of delegates

Cross section of delegates

As the international community pushes to achieve the Millennium Development Goals by 2015, the World Investment Report s

erves as an indicator of the progress made in terms of FDI and Global Value Chain and areas that need improvement.

Details of the 2013 WIR is available on UNCTAD’s website.