Establishment of the Ghana Infrastructure Investment Fund: The idea to establish the GIIF was postulated at the 3rd. edition of the GEF. The GIIF was subsequently set up with the mandate to mobilize, manage, coordinate and provide financial resources for investment in diversified portfolio of infrastructure projects in Ghana.
Energy Sector Levy: Prior to the introduction of the energy sector levy, the idea and modalities of same was extensively discussed at the 4th edition of the GEF held in Accra.
Local content in the oil and gas sector: The idea to develop a concrete local content policy to ensure Ghanaians play significant part in the country’s oil and gas sector was strongly pushed by participants at the first and second edition of the GEF. This formed the basis for government to develop a local content policy to secure the interest of local businesses within the oil and gas space.
Removal of ‘Nuisance’ taxes: At the height of the challenging macro-economic environment four years ago, participants at the 2014/2015 edition of the GEF clamored for the abolishing of some of these taxes they consider ‘burdensome’. This gained the attention of the then minority party who first proposed the abolishing of these taxes in their Manifesto.
Abolishing of VAT on domestic air travel: A strong case was made at the 5th GEF held in Accra for the abolishing of the VAT on domestic air travel due to the declining domestic passenger throughput. The request was finally realized in the 2016 budget.
GHANA ECONOMIC FORUM 2018
The 7th edition of the GEF 2018 will be held under the theme: Building A Competitive Economy for Sustainable Growth, the forum will attract economic policy makers, implementation agencies, members of trade and industry associations, selected diplomatic missions, donor agencies and NGOs. The main objective of the forum is to lead discussion that will formulate policies for inclusive and sustainable development.
This combination of experience and innovative thinking has led to valuable recommendations on the country’s economic development goals. This year the Ghana Economic Forum’s Focus Group sessions will discuss how Ghana can create competitive Agriculture, Manufacturing, Finance, Technology, Energy, Health, Tourism sectors that can win the race for global investment and become the best in Africa over a two-day period.
GEF 2018 will:
- Inform, inspire and motivate Ghanaian Business Leaders to discuss sustainable solutions to boost Ghana’s economic developmental agenda.
- Cultivate and encourage the very best influences on leadership and management
- Engender the private sector to propel the country’s competitiveness through innovative solutions and initiatives
- Encourage private and public-sector leadership interaction and success by inspiring delegates to build new bridges for communication and collaboration.
- Inspire youth leadership, empower women and create a forward-looking leadership experience to meet global challenges
- Motivate delegates to experience the power of public private partnerships for rapid business development.