Cape Coast, April 7, GNA - Mr Kwodwo Filson, Deputy Director, Promotion Division, of the Ghana Investment Promotion Centre (GIPC), on Friday urged the nation's technical and other public officials to help educate local entrepreneurs on existing investment concessions to facilitate the promotion of internal investment.He
expressed concern that not much, had been done in this area over the years and that local businessmen, had failed to avail themselves of the opportunities offered by incentives like tax holidays and tax rebates, with regard to the establishment of businesses, because they were ignorant about their existence. Mr Filson
was addressing a day's regional investment promotion forum organised jointly by the Centre and the Central Regional Coordinating Council to strategize on ways of increasing investment flow to the Region.
The forum briefed district chief executives, heads of department and other technocrats on the new tourism law and tackled issues such as "highlighting the numerous investment opportunities in the Region, exposing potential local investors to the Region's
investment climate and on available investment incentives for investors".He
expressed regret that the situation had resulted in the slow growth of the business environment, thereby impinging negatively on the nation's socio-economic development.
Available statistics indicate that the Region has between September 1994 and December 2005, benefited from 60 investment projects out of an overall national figure of 1,940, accruing a total revenue of 2.277 billion dollars.He
observed that there was the need to exploit the Region's
numerous investment potentials, particularly in tourism and called on the participants to collaborate with the Centre in mobilizing investment to improve socio-economic conditions. Mr Filson
, said the investment law was being reviewed to enhance the investment climate in the country and said the Centre was in that regard collating inputs from interested groups including foreign communities based in the country and urged district assemblies in particular to make inputs.