Ghana Investment Promotion Center (GIPC) to Promote Investment Opportunities Across Ghana’s Energy Sector at African Energy Week (AEW) 2022 – African Business

With significant opportunities present across the entire oil and gas value chain, the Ghana Investment Promotion Center, represented by Deputy CEO Yaw Amoateng Afriyie, will be making a strong case for Ghana-directed investment at AEW 2022 (www.AECWeek.com).

The African Energy Chamber (AEC) is proud to announce the participation of Yaw Amoateng Afriyie, Deputy Chief Executive Officer of the Ghana Investment Promotion Center (GIPC) at the African Energy Week (AEW) conference and exhibition, Africa’s premier event for the energy sector, which will take place from October 18-21, 2022, in Cape Town.

As a government parastatal, the GIPC is tasked with promoting investments across a number of key sectors in Ghana, including agriculture, mining, fintech, renewable energy, oil & gas and construction. The company’s Deputy CEO, Afriyie, has been instrumental in leading the company alongside CEO Reginald Rofi Grant, with the deputy coming to AEW to discuss investment in a post-COVID-19, energy transition context.

Afriyie has extensive experience as a manager and political risk professional in matters affecting investment and business in sub-Saharan Africa. In his role as Deputy CEO, Afriyie has and continues to drive the organization’s strategic direction and business development objectives.

Through the works of GIPC and a supporting investor-friendly regulatory environment, Ghana has emerged as a desirable investment destination for global investors with the country’s foreign direct investment increasing by 39% to $2.6 billion in 2021, ranking second in West Africa and seventh in Africa, according to the World Investment Report 2022. Currently, the country is targeting universal access to electricity by 2030, hoping to maximize the country’s 0.8 trillion cubic feet of gas and 660 million barrels of oil reserves whilst diversifying the energy mix with renewable energy deployment.

Recent developments by majors have highlighted the sector’s openness to investment. International players including Eni, bp and Tullow have launched massive investment drives across Ghana’s hydrocarbon sector with projects such as the Tema Liquefied Natural Gas Import Terminal and the Sankofa Gas project, creating a positive outlook for the country’s energy landscape. However, more needs to be done from an investment perspective to unlock the full potential of the country’s energy sector. In this regard, Afriyie will be key, promoting investment opportunities across Ghana’s high potential sector during AEW 2022 in Cape Town. 

The participation of Afriyie as a speaker at Africa’s leading investment platform for the energy sector will be crucial for shaping discussions around the best financial solutions available, and how Africa can address its growing investment and infrastructure rollout gap to address energy poverty. Afriyie will be able to engage directly with global and regional stakeholders through AEW 2022, negotiating and signing agreements.

Before joining GIPC Afriyie was the Managing Director at Elmina Advisory Ltd, West Africa head for Africa Matters Ltd, and with FTI Consulting, London. There he gained extensive experience in researching investment trends across different industries. Hon. Freddie Blay, Board Chairman of the Ghana National Petroleum Corporation and Dr. Mustapha Abdul-Hamid, Chief Executive at Ghana’s downstream petroleum regulator, the National Petroleum Authority, at AEW 2022, Afriyie will leverage his expertise to make a strong case for investment, particularly regarding capital intensive projects such as Aker Energy’s Pecan Floating Production Storage and Offloading facility and Springfield E&P’s Afina as the country seeks to become a net oil and gas exporter whilst meeting domestic energy needs.

“We commend the works conducted by the GIPC in improving Ghana’s attractiveness as an investment destination. As a result, Ghana now represents one of Africa’s top markets for investors and international players to enter, and, coupled with the country’s rich hydrocarbon basins, massive economic growth driven by secure energy supply and socioeconomic expansion is in the making. We are proud to be hosting Mr. Afriyie at AEW 2022 this October where deals and policies that will change both Ghana and Africa’s energy landscape will be tabled and signed,” states Tomás C. Gerbasio, Strategy and Business Development Director of the AEC.

At AEW 2022 Mr. Afriyie participates in high-level meetings, investment forums, and panel discussions focusing primarily on how Africa can increase investments in its energy sector to end energy poverty across the continent by 2030.

Distributed by APO Group in support of African Energy Week.

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About AEW2022:
AEW 2022 is the AEC’s annual conference, exhibition and networking event. AEW 2022 is an annual conference that brings together African energy stakeholders with international investors and partners. It aims to drive industry growth, development, and promote Africa’s position as a destination for investment in energy. Key organizations such as the African Petroleum Producers Organization, as well as African heavyweights including Equatorial Guinea and Nigeria, have partnered with AEW, strengthening the role the event will play in Africa’s energy future.