Accra: Mr. Akwasi Opong-Fosu, the newly appointed Board Chairman of the Ghana Investment Promotion Centre (GIPC), has announced plans to create a streamlined, investor-friendly regulatory environment aimed at enhancing returns for both domestic and foreign investors in Ghana.
According to Ghana News Agency, Mr. Opong-Fosu made these remarks following the inauguration of a new 10-member board. He emphasized GIPC's commitment to eliminating bureaucratic hurdles, promoting sustainable business growth, and acting as a key facilitator of economic development. "We are going to ensure that investors are not unduly restrained by certain obstacles. Rather, our laws and investment climate will be more flexible to the various priority areas that they would like to invest in," he stated.
Mr. Opong-Fosu affirmed the Board's dedication to bridging gaps between government, the Centre's management, and investors to address concerns and stimulate profitable investment. The GIPC is responsible for facilitating investments across all sectors except mining and petroleum, which are overseen by the Ghana Chamber of Mines and Ghana National Petroleum Corporation, respectively.
The Centre has already launched a 24-hour premium service to expedite investor integration into Ghana's business ecosystem. Mrs. Elizabeth Ofosu-Adjare, Minister for Trade, Industry, and Agribusiness, praised the board's diverse expertise and significant female representation. She reiterated the government's commitment to strengthening the GIPC Act to support economic transformation and job creation.
Currently, the GIPC is prioritizing investment in agro-processing, manufacturing, real estate, pharmaceuticals, and tourism. The board members include Samson Ahi, Deputy Trade Minister; Thomas Ampem Nyarko, Deputy Finance Minister; Simon Madjie, Acting Chief Executive Officer of GIPC; Dr. Zakaria Mumuni; and Dr. Audrey Smock Amoah. Other members are John Awuah, CEO of the Ghana Association of Banks; Dr. Reuben Owusu Gyamfi; Major Christine Naa Adoley Oko (Retired); and Mercy Afrowa Needjan.
