New legal framework to enhance more efficient, investor-friendly services in Ghana - GIPA CEO

Simon Madjie, CEO of the Ghana Investment Promotion Authority (GIPA), stated at the official opening of the Ghana Trade House in London that the Authority's new legal framework will enhance its ability to provide faster, more efficient, and investor-friendly services as Ghana seeks to attract greater investment. He also said the new legislation had strengthened GIPA's mandate, enabling it to better support both local and foreign investors through simplified registration processes, fully digitalised services, and faster turnaround times.

The transition from the Ghana Investment Promotion Centre (GIPC) to GIPA followed the passage of the Ghana Investment Promotion Authority Act. President John Dramani Mahama assented to the Ghana Investment Promotion Authority Act, 2026 (Act 1173) in July this year, formally transforming GIPC into GIPA and giving the Authority an expanded mandate to attract, facilitate, promote, and retain investments, while supporting the outward expansion of Ghanaian enterprises. GIPA is Ghana's primary state agency for encouraging and regulating business investments, replacing the former GIPC and removing blanket minimum capital requirements for most enterprises. The Ghana Trade House in London is an initiative to promote Ghanaian products in the United Kingdom.