GIPC CEO calls for regulatory harmonization and tax reforms to boost investment

In a recent address, the Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, emphasized the need for regulatory harmonization and tax reforms to enhance investment in Ghana. He argued that aligning regulations across various sectors could create a more conducive environment for both local and foreign investors. This alignment would reduce bureaucratic hurdles and foster a seamless investment process.

Grant highlighted that current tax policies can be daunting for potential investors, leading to hesitance in committing resources to Ghana. By simplifying tax structures and enhancing incentives, the government could attract more investments, which are crucial for economic growth. He reiterated that reforms must not only focus on attracting capital but also on ensuring a stable investment climate.

Furthermore, the GIPC CEO called for collaboration among government agencies to streamline processes and improve efficiency. By creating a unified approach toward investment facilitation, Ghana could position itself as a more attractive destination for business ventures, ultimately leading to job creation and sustainable development in the country.