Burkina Faso Looks to Replicate Ghana’s Successful Investment Promotion Framework

According to Sampson Ahi, the Deputy Minister for Trade, Agribusiness, and Industry, Burkina Faso will send a high-level delegation to Ghana to research the nation's investment promotion initiatives.

Najat Adamu
3 Min Read

According to Sampson Ahi, the Deputy Minister for Trade, Agribusiness, and Industry, Burkina Faso will send a high-level delegation to Ghana to research the nation’s investment promotion initiatives.

During the inaugural Invest in Burkina Faso Forum (FIIBF), which had as its topic “Structuring Investment for a Sovereign Burkina Faso,” he made this revelation.

In order to encourage investment, policy interchange, and regional cooperation for sustainable growth, the event brought together government representatives, corporate executives, and development partners from 44 different nations.

“Ghana’s investment incentives, tax exemptions and other supportive measures can provide useful insights for Burkina Faso. I understand they will soon send a delegation to learn from our experiences, which will be very helpful,” Mr. Ahi stated, that neighboring countries might learn a lot from Ghana’s experience in luring and facilitating investment.

With the help of Burkina Faso Forum, the CEO of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, and President John Dramani Mahama, the country’s current investment framework was created with the goals of increasing industrial productivity, drawing in foreign capital, and fostering opportunities in every district.

The framework also offers a 24-hour premium service to expedite business registration and approvals, as well as a grievance procedure for investors.

Mr. Ahi stated that the Burkinabe delegation’s anticipated visit will facilitate the sharing of knowledge and assist Burkina Faso in implementing best practices for long-term, sustainable economic development.

Ghana’s dedication to regional economic cooperation and private sector-led growth in accordance with the goals of the African Continental Free Trade Area (AfCFTA) was reiterated by the Deputy Minister for Trade, Agribusiness, and Industry.

Simon Madjie has called for enhanced cooperation between Ghana and Burkina Faso to drive trade and investment growth in West Africa.
At a forum in Ouagadougou, he commended organisers for creating a timely space to foster regional partnerships and investment opportunities.

“This forum highlights Burkina Faso’s potential to attract investors. Ghana and Burkina Faso have a unique opportunity to build mutually beneficial partnerships that strengthen trade and investment across our borders,” he stated.

High-level talks, exhibits, and interactions with the president of Burkina Faso were all part of the FIIBF, which aimed to promote sustainable economic development in the subregion and highlight the nation’s investment potential.

 

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