GIPA CEO calls for investment to support Ghana’s economic transformation

Simon Madjie, the CEO of the Ghana Investment Promotion Authority (GIPA), has urged for greater investment, technology, and expertise to transform Ghana's emerging economic opportunities into thriving businesses and sustainable jobs. In his opinion, the Big Push Infrastructure Programme, the 24-Hour Economy initiative, the Accelerated Export Development Programme, and the New Economy Programme are providing investors with numerous opportunities in infrastructure development, domestic production, industrialization, and export growth.

During the launch of the Invest Ghana Summit 2026 and the 22nd Ghana Club 100 Awards, Mr. Madjie pointed out that recent economic improvements, such as stronger growth, falling inflation, rising international reserves, and a more stable exchange rate, have created a robust foundation for investment. He emphasized that the creation of a productive economy necessitates the mobilization of capital, technology, and expertise to support businesses, generate jobs, and broaden exports.

Mr. Madjie also highlighted the recently enacted Ghana Investment Promotion Authority Act, 2026 (Act 1173), which has eliminated general minimum foreign capital requirements for joint ventures and wholly foreign-owned enterprises. Furthermore, he stated that the new legislation has fortified investor protections and broadened GIPA's mandate to offer more effective and coordinated assistance to investors.

He concluded by stating that the investment environment is being reformed in tandem with the implementation of programs aimed at stimulating economic activity.