KGL Group, a wholly-owned Ghanaian group of subsidiaries, has sponsored the maiden edition of the Ghana Diaspora Investment Summit 2021 organized by the Ghana Investment Promotion Centre (GIPC).
The event held on the theme ‘The New Normal: Leveraging Diaspora Investments To Build Back Better’ sought to highlight Diasporan collaborative investments as an integral lever to spur rebound growth following the COVID-19 pandemic.
The summit brought together policy makers, corporate entities, private sector business and investors, both local and across the diaspora to engage, identify entry barriers and propose viable solutions to create an enabling environment to foster direct local investments.
The two-day event was held from June 23-24, 2021 at the Kempinski Hotel, also provided a business development platform for participants to engage across different sectors: Agriculture, Real Estate, Technology, Fin-Tech and FMCG under a series of structured business to business sessions.
In their addresses, Mr. Yoofi Grant, CEO of GIPC; and Mr. Ken Ofori-Atta, Minister for Finance provided an overview of the collaborative effort between Government and the GIPC to minimize entry barriers to investments and provide a sustainable environment conducive to business growth.
Executive Chairman of KGL Group, Mr. Alex Dadey, speaking from his perspective as a diasporan entrepreneur with over 30 years of experience working across multiple industries, highlighted the need for multilateral collaboration and diaspora socio-economic inclusion.
He recounted his experience working in the UK and Ghana across different sectors including Agriculture, Fintech, Trade Finance, Technology and his most recent venture into technology service delivery partnerships with public sector institutions such as the NLA.
Mr. Dadey broke down inward investments into four distinct categories: Remittances, Direct, Portfolio and Philanthropic investments.
He also identified a two-prong approach of a deliberate policy on the part of Government to drive local and diaspora collaboration combined with promoting the revenue generation success stories of diasporans.
These, Mr Dadey, pointed out, would serve as levers to make direct investments attractive and guide prospective investors across the diaspora to navigate the boundless local investment opportunities in Ghana.
The KGL Group Executive Chairman has been a strong advocate for Diasporan collaboration, and instrumental in initiating the recent edition of the Diasporan Homecoming Summit in 2017 and the Ghana Investment and Opportunities Summit in the UK, platforms which collectively roped in significant investments to leverage Ghana’s burgeoning opportunities.
He reaffirmed KGL Group’s commitment to fostering local and diaspora socio economic inclusion as sponsors for the maiden Diaspora Investment Summit event.
