SIGA Highlights Commitment to Ghana’s Economic Growth at GHIOS 2023
The State Interests and Governance Authority (SIGA) has highlighted its commitment to Ghana’s economic growth.
It made the commitment when it participated in the Ghana Investment Opportunities Summit (GHIOS) in London Hilton on Park Lane. The event hosted by Ghana’s High Commission in the United Kingdom (UK) in collaboration with the Ghana Investment Promotion Centre (GIPC) was aimed at highlighting Ghana’s enormous investment potential and to discuss post-COVID economic recovery options.
The theme for the summit, “Post-Covid Economic Recovery: Opportunities for the Investor,” resonates with SIGA’s objective of promoting Ghana’s economic development by ensuring Specified Entities are efficient and profitable.
The conference brought together participants from the Ghanaian diaspora, the international investor community, venture capitalists, private equity fund managers, successful entrepreneurs, the fintech industry and global firms for an in-depth discussion on numerous investment opportunities in various sectors in Ghana.
Director-General of SIGA, Ambassador Edward Boateng who was a panelist underlined the importance of the diaspora in Ghana’s Foreign Direct Investment (FDI) increase through collaboration with Specified Entities. He shared insights into steps taken by government to enhance governance and create a business-friendly environment conducive to economic prosperity. Specifically, emphasizing on the significance of SIGA’s establishment, aligned with President Akufo-Addo’s vision to increase profitability in Specified Entities.
“Our participation in GHIOS 2023 reaffirms SIGA’s commitment to driving Ghana’s economic growth and attracting investment, we are actively collaborating with Specified Entities to establish strategic partnerships that will make Ghana an attractive destination for investors.
SIGA is also working with other regulatory bodies to drive compliance by improving financial reporting and corporate governance standards that would create a business-friendly environment aimed at unlocking the full potential of the business sector in Ghana. To economically progress, we must enforce discipline, compliance and accountability and that is SIGA’s primary goal” Ambassador Edward Boateng stated.
The Director-General also highlighted SIGA’s contribution to agriculture, noting that the Authority is collaborating with the Grains Development Board to explore ways to improve seed quality so that it can thrive in the right soil. He added that SIGA is in discussions with ADB about investing in agriculture with a guaranteed return. SIGA is working with Ghana Food Buffer Stock to examine storage facilities, particularly warehouses ideal for preserving produce from agriculture.
“SIGA has the potential to streamline Ghana’s agricultural value chain, and we would work with our Specified Entities to forge private-public partnerships to make that a reality.”
The Ghana Investment Opportunities Summit provides a platform for participants to connect and engage with global industry captains, business leaders, and potential investors, showcasing the tremendous investment opportunities available in Ghana.