News Guide Africa

Tag: Ghana Investment Promotion Center

  • GIPC urges strong stakeholder input in drafting GIPA Bill, 2025

    GIPC urges strong stakeholder input in drafting GIPA Bill, 2025

    The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has called for active stakeholder participation in shaping the proposed Ghana Investment Promotion Authority (GIPA) Bill, 2025.

    The Bill, which will replace the GIPC Act, 2013 (Act 865), seeks to establish GIPA as the primary agency responsible for encouraging, promoting, and regulating investments in Ghana.

    Speaking at a stakeholder consultation with public sector representatives in Accra, Mr. Madjie stressed that the new legislation must align with the realities of Ghana’s changing investment landscape.

    “This process is about more than drafting legislation.

    It’s about listening, building consensus, and ensuring the rules we set actually work for investors and for Ghanaians,” he said.

    He explained that the GIPA Bill aims to address persistent challenges such as fronting and regulatory inconsistencies, while also providing stronger support systems for both local and foreign investors.

    The Director of GIPC’s Legal Division, Ms. Naa Lamle Orleans-Lindsay, outlined key reforms under the Bill, including an expanded mandate for the Authority, a review of minimum foreign capital requirements, and the introduction of a revised governance structure to better safeguard investor interests.

    The consultation concluded with an interactive Q&A session, during which participants shared concerns and offered recommendations to further refine the draft Bill.

     

  • GIPC optimistic of IMF’s role in Ghana’s economic recovery

    Adnan Adams Mohammed

     

    The Ghana Investment Promotion Centre (GIPC) has expressed optimism regarding Ghana’s economic prospects despite the ongoing cost of living crisis and inflationary pressures.

     

    The Center has called on the economic managers to leverage on the benefits of the International Monetary Fund (IMF) program to restore, reform, and recalibrate Ghana’s economic fortunes.

     

     

    Despite recounting the sluggish rebound of the global economy but remained confident that Ghana could overcome its current challenges. GIPC top official acknowledged that, in the immediate post-IMF era of 2017, Ghana achieved an average annual growth rate of about 7%. During that time, the country was widely recognized for its sound financial management and policy innovation, earning commendation from international observers.

     

    “While we currently face hurdles in terms of the cost of living crisis and inflationary pressures on food, fuel, and finance, we must not forget that Ghana has demonstrated its resilience before,” Yaw Amoateng Afriyie, the Deputy CEO of GIPC said while addressing audience comprising economists, policymakers, and industry experts, at a recent Financial Economics Seminar held in Accra.

     

     

    “The foundations of our economic growth and stability remain intact, and it is crucial that we utilize the benefits of the IMF program to navigate through these challenging times,’ he said

     

    Mr. Afriyie further emphasized that Ghana, under the leadership of President Nana Akufo-Addo, had taken significant strides to create an enabling environment for business and investment.

     

    He reiterated the GIPC’s continues to work towards attracting both domestic and foreign investments by streamlining procedures, improving infrastructure, and ensuring policy consistency.

     

    “We firmly believe that there is no better place to do business than here in Ghana,” Afriyie declared.