{
  "id": 13018769,
  "title": "Ghana is not bending rules for foreign investors – GIPA CEO",
  "url": "https://urgent.news/2026/10/08/ghana-is-not-bending-rules-for-foreign-investors-gipa-ceo-13018769",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T23:35:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/ghana-is-not-bending-rules-for-foreign-investors-gipa-ceo/"
  },
  "original_language": "en",
  "account": "Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie has clarified that Ghana is not loosening regulations to attract foreign investors. Speaking on Joy News’ PM Express Business Edition, Madjie emphasized that the country is leveling the playing field for investment by ensuring businesses adhere to its rules. He stressed that foreign investors must meet all regulatory requirements, as their conduct in Ghana can impact their share prices abroad.\n\nMany international investors are firms listed on foreign stock exchanges, and compliance is crucial for them due to the interconnected nature of their operations. Madjie explained that some firms have established structures that hold them accountable and encourage adherence to the rules.\n\nAddressing the controversy surrounding foreign participation in retail, Madjie clarified that trading and investment are distinct concepts. Trading refers to the exchange of goods and services, while investment involves committing resources to establish a business, create value, and generate returns. He emphasized that the informal retail sector is exclusively reserved for Ghanaians, regardless of the amount of capital brought in by foreign investors.\n\nMadicke acknowledged the challenge of enforcement, calling for better coordination among relevant agencies, particularly those managing markets. He noted that the government’s model markets, which were developed under President John Mahama’s administration, could aid in addressing foreign participation in informal retail. By improving regulation and control of these markets, enforcement could become more manageable. Madjie also noted that local businesses may occasionally falter, making errors such as VAT or tax collection issues. These problems would be handled through the agency's aftercare system.",
  "summary": "Ghana Investment Promotion Authority (GIPA) CEO Simon Madjie says Ghana is not relaxing its rules to attract foreign investors.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Ghana is not bending rules for foreign investors – GIPA CEO",
        "url": "https://urgent.news/2026/10/08/ghana-is-not-bending-rules-for-foreign-investors-gipa-ceo",
        "published": "2026-10-08T23:35:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}