Skip to main content

GIPC Calls for Stakeholder Participation in Shaping New Investment Promotion Bil

 Chief Executive Officer, of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has called for strong stakeholder participation in shaping the Ghana Investment Promotion Authority (GIPA) Bill, 2025.

The Bill, which is expected to replace the current GIPC Act, 2013 (Act 865), seeks to establish GIPA as the lead agency to encourage, promote, and regulate investments into and within Ghana.

GIPC, GIPA Bill

At a stakeholder consultation with public sector representatives in Accra, Madjie said the new framework must reflect the realities of Ghana’s evolving investment climate.

This process is about more than drafting legislation. It’s about listening, building consensus, and ensuring the rules we set actually work for investors and for Ghanaians,” he noted.

The GIPC boss added that the GIPA Bill would tackle persistent issues such as fronting and regulatory inconsistencies, while also strengthening mechanisms to support both local and foreign investors.

GIPC, GIPA Bill

The Director of GIPC’s Legal Division, Naa Lamle Orleans-Lindsay, explained that the new law would expand the Authority’s mandate, review minimum foreign capital requirements, and introduce a revised governance structure to better protect investors.

The engagement ended with a lively Q&A session, where participants shared concerns and offered recommendations to refine the draft Bill.

Labels:

Comments

Post a Comment

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
Post a Comment
Read more

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...
Post a Comment
Read more

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more