On the 3rd of August 2020, the Special Initiative "Decent Work for a Just Transition" and the Delegation of German Industry and Commerce signed the first contract to jointly support investors and companies with a German background to create and – in times of Covid-19 – secure jobs in Ghana.
Ghana offers attractive business and investment opportunities. However, additional support is needed to overcome local challenges to successfully invest and further create and secure urgently needed local jobs. Therefore, the Special Initiative "Decent Work for a Just Transition", which operates under the brand Invest for Jobs, and the Delegation of German Industry and Commerce are jointly assessing the needs and investment barriers of companies with German backgrounds in Ghana. The contract formally solidifies the collaboration between the two entities and marks the beginning of more investment opportunities and job creation in Ghana.
“Due to our well-established network, the Delegation of German Industry and Commerce in Ghana is an excellent contract partner for private sector development,” states Delegate Dr. Michael Blank.
Companies and investors will receive individual advise from the Delegation of German Industry and Commerce, can tackle skills gaps in their industry as well as participate in networking events between German and Ghanaian companies and cooperation partners. “Businesses can now benefit from sector studies in the fields of logistics, construction, IT and hospitality as well as from concepts on improving social and ecological infrastructure and industry consortiums that address investment barriers,” adds Stefanie Simon from the ExperTS
“Through this cooperation, we expect written commitments of at least 20 companies to create a minimum of 400 jobs by the end of 2022,” states GIZ Country Director, Regina Bauerochse Barbosa.
The German Federal Ministry for Economic Cooperation and Development initiated the Special Initiative "Decent Work for a Just Transition" to support investment activities that have a high impact on employment in its African partner countries, such as Ghana. To this end, measures will be implemented to help build a more enabling environment for investment by European enterprises in Ghana, increase the capacities of Ghanaian micro, small and medium-sized enterprises and improve the business ecosystem for – primarily but not exclusively – processing agricultural goods and the automotive industry.
The successful applicants come from the sectors industry, education, and fashion. As part of Invest for Jobs, the Facility Investing for Employment (IFE) co-finances more than 6 million euros for their job-creating investments.
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Invest for Jobs supports the launch of the Rwanda Global Business Services (GBS) Growth Initiative. This transformative mission aims to support job creation in the GBS sector and position Rwanda as a global GBS destination by facilitating market entry, upskilling the sector’s workforce, and advocating for the interests of companies in GBS.
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