GIPA CEO calls for investment to support Ghana’s economic transformation
According to him, the Big Push Infrastructure Programme, 24-Hour Economy and Accelerated Export Development Programme and the New Economy Programme are creating opportunities for investors to participate in infrastructure development, domestic production, industrialisation and export growth.
Simon Madjie, the Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), has urged for more investment, technological advancements and expertise to transform Ghana's emerging economic prospects into profitable businesses and sustainable employment. Madjie believes that initiatives such as the Big Push Infrastructure Programme, the 24-Hour Economy and the Accelerated Export Development Programme, along with the New Economy Programme, are providing investors with opportunities in infrastructure development, local production, industrialization and export growth.
In an address at the inauguration of the Invest Ghana Summit 2026 and the 22nd Ghana Club 100 Awards, which GIPA is co-hosting with its partners, Madjie noted that recent economic improvements, including robust growth, reduced inflation, expanding international reserves and a more stable exchange rate, had laid a stronger foundation for investment.
He emphasized that creating a productive economy necessitates capital mobilization, technology, and expertise to support enterprises, generate jobs, and increase exports. Madjie also introduced the Ghana Investment Promotion Authority Act, 2026 (Act 1173), emphasizing that the new legislation had abolished general minimum foreign capital requirements for joint ventures and wholly foreign-owned enterprises.
Furthermore, he pointed out that the law had reinforced investor protections and broadened GIPA's mandate to deliver more efficient and coordinated assistance to investors. Madjie concluded that the investment landscape was undergoing reform in tandem with the execution of programs aimed at stimulating economic activity.
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