Last Friday, the Ghana Investment Promotion Centre (GIPC) convened a stakeholder consultation with representatives from the public sector to deliberate on the key provisions of the Ghana Investment Promotion Authority (GIPA) Bill, 2025.
The Bill is set to replace the existing GIPC Act, 2013 (Act 865) and seeks to establish the Ghana Investment Promotion Authority (GIPA) as the primary government agency mandated to encourage, promote, facilitate, and regulate investments into and within Ghana.
Delivering his remarks at the engagement, Mr. Simon Madjie, CEO of GIPC, highlighted the critical importance of stakeholder participation in the legislative process. He emphasized that the consultation was part of a broader effort to build consensus and ensure that the new legal framework reflects the realities and needs of Ghana’s evolving investment landscape.
Mr. Madjie also noted that the Bill would provide improved mechanisms to address persistent challenges in the investment space, including fronting and regulatory inconsistencies.
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Also speaking at the event, Ms. Naa Lamle Orleans-Lindsay, Director of GIPC’s Legal Division, outlined the rationale for changing the Act, which has governed investment promotion for over three decades. She elaborated on key reforms proposed under the GIPA Bill, including the expansion of the Authority’s objectives, a revised governance structure, and a review of the minimum foreign capital requirements—all designed to enhance investor protection and promote sustainable economic growth.
The session concluded with an interactive Q&A segment, providing participants the opportunity to share insights, raise concerns, and contribute meaningfully to the policy development process.
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