Yofi Grant (left) CEO of GIPC exchanging documents with Charles Abugre, CEO of SADA
The Ghana Investment Promotion Centre (GIPC) and the Savanna Accelerated Development Authority (SADA) have signed a Memorandum of Understanding (MoU) to facilitate investment in the Northern Region.
The agreement between the two agencies is expected to strengthen efforts to project investment opportunities within the SADA zone.
Speaking at the event last Tuesday in Accra, the Chief Executive of GIPC, Mr Yofi Grant said there are a lot of investment opportunities within the SADA zone that have been properly chronicled.
The MoU, he said, would provide in-depth information and the needed local infrastructure for investment to promote opportunities that abound in the SADA zone.
He said Ghana is currently importing about $2.2 billion worth of food items annually.
“I believe it can be reversed if proper investment is directed to the region. That way more jobs will be created for the citizenry to improve their lives.
According to him, “This is an opportune time for SADA. We will be working hard to maximize its potentials and market the SADA zone to the investors who are interested in doing business in the region.”
GIPC would assist in attracting potential financiers and businessmen to the area to bolster the region’s economy.”
Charles Abugre, the Chief Executive Officer (CEO) of SADA, said SADA has been doing some work over the years to position itself to provide the necessary information to help attract investors to the area.
“SADA has guidelines and investors are ready to provide technical and financial support to create the needed jobs to reduce poverty.
“The SADA region is very rich and we will provide and facilitate all processes in the area of technical support and financial mobilization to help investors who want to invest in the area.”
By Emmanuel Kubi