The GIPA Act: Resetting Ghana’s investment framework
The removal of the minimum capital requirement, however, is not a liberalisation of the economy at the expense of local businesses. All investment remain subject to the applicable sector-specific laws, licensing requirements and regulatory standards administered by the relevant authorities.
The Ghana Investment Promotion Authority Act, 2026 (Act 1173) was enacted to modernize Ghana's investment framework, in response to the evolving development priorities and the government's Reset Agenda under President John Dramani Mahama. The new law, which replaces the Ghana Investment Promotion Centre Act, 2013 (Act 865), introduces a comprehensive legal framework to promote and facilitate investment, support local and foreign investments, and align Ghana's investment regime with the African Continental Free Trade Area (AfCFTA) and international best practices.
By embedding provisions for sustainable investment, technology transfer, outward Foreign Direct Investments (FDI), and social inclusion, Act 1173 significantly strengthens investor confidence and bolsters Ghana's competitiveness as a regional investment hub.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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