The Association of Ghana Industries (AGI) is asking the Ghana Investments Promotion Centre (GIPC) to devise strategies for local businesses to benefit from the inflow of Foreign Direct Investments.
This is coming after the GIPC in an interview with Joy Business indicated that more investors are interested in investing in Ghana’s economy.
According to Greater Accra Chairman of AGI, Tsonam Akpeloo, a more robust partnership between local businesses and offshore investors is key to cushioning the human capital base of the economy for growth.
Speaking to Joy Business at the 10th edition of the Ghana CSR Excellence Awards, Mr Akpeloo bemoaned the hike in utility tariffs bedeviling the operations of indigenous businesses.
He called for a strategic partnership between foreign investors and local businesses to aid in economic growth.
“We at AGI want to see local businesses flourish and if these FDIs are coming in why not link them to the local businesses to reduce their burden? But, in a situation where at the end of the year, we struggle then it’s not the best”, he bemoaned
Co-founder for the Centre for CSR West Africa, Kojo Williams commended some local businesses on their effort to make CSR a key component of their operations.
“It has not been easy for the past 10 years because some companies used to think CSRs are meant for the extractives but it goes beyond that. We are seeing some development these days”, he stated.
The CSR Excellence Awards is organised by the Centre for West Africa, a key advocate for corporate social responsibility in the region.
The award served as a platform to recognise and celebrate companies contributing significantly to sustainable development and social responsibility.
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