New legal framework to enhance more efficient, investor-friendly services in Ghana – GIPA CEO
Speaking at the official opening of the Ghana Trade House in London, Mr Madjie said the transition from the Ghana Investment Promotion Centre (GIPC) to GIPA, following the passage of the Ghana Investment Promotion Authority Act, marked a significant milestone in the country’s investment promotion agenda.
Simon Madjie, CEO of the Ghana Investment Promotion Authority (GIPA), announced that the Authority's new legal framework will improve its capacity to deliver quicker, more efficient and investor-friendly services. This comes as Ghana aims to draw in more investment. Madjie made the remarks at the official inauguration of the Ghana Trade House in London, where he highlighted the transition from the Ghana Investment Promotion Centre (GIPC) to GIPA as a significant step in the nation's investment promotion strategy.
President John Dramani Mahama signed the Ghana Investment Promotion Authority Act, 2026 (Act 1173) in July, effectively converting GIPC into GIPA. The new law broadens GIPA's role to attract, facilitate, promote and retain investments while supporting Ghanaian enterprises expanding abroad. Madjie emphasized that the new legislation has bolstered GIPA's mandate, allowing the Authority to better assist both local and foreign investors through streamlined registration procedures, fully digitalized services, and reduced processing times.
The Ghana Trade House in London, aimed at promoting Ghanaian products in the United Kingdom, is set to serve as a platform for enhancing trade and investment ties between Ghana and the UK. Established in July 2026 as Act 1173, GIPA supersedes the previous GIPC, eliminating mandatory minimum capital thresholds for most businesses and aligning national regulations with the African Continental Free Trade Area (AfCFTA).
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