Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has officially inaugurated a new 10-member Governing Board of the Ghana Investment Promotion Centre (GIPC) to strengthen the country’s appeal as a destination for foreign direct investment (FDI).
President John Mahama’s appointment of the board members is in line with the GIPC Act and after consultations with the Council of State.
During the inauguration ceremony in Accra, the Trade Minister emphasised the center’s key role in promoting employment and economic growth through strategic foreign direct investment (FDI) initiatives.
She also noted that the review of the GIPC Act highlighted the government’s commitment to establishing a more resilient and investor-friendly regulatory framework, stating, “This will ensure that Ghana remains a top destination for high-quality investments.”
The board consists of notable individuals from various sectors, including finance, industry, and academia, who will offer strategic advice to the GIPC.
It will be chaired by former Minister of State Akwasi Oppong-Fosu to guide GIPC’s strategic direction and boost its role in fostering economic growth and investment in Ghana.
Other members include the Deputy Governor of the Bank of Ghana, Dr. Zakaria Mumuni, Director General of the National Development Planning Commission (NDPC), Dr. Audrey Smock Amoah, Deputy Minister for Trade, Agribusiness, and Industry, Sampson Ahi; Deputy Minister of Finance, Thomas Nyarko Ampem; and GIPC CEO, Simon Madjie Esq.
The rest are the CEO of the Ghana Association of Banks, John Awuah; the president of the Greater Accra Markets Association, Mercy Afrowa Needjan, Dr. Reuben Owusu Gyamfi; and Major Christine Naa Adoley Oko (Rtd).
The Chairperson in his remarks, committed the Board to supporting MOTAI in realising the President’s vision of a transformed Ghanaian economy through strategic investment promotion.
For his part, the CEO of GIPC, Mr. Madjie, described the inauguration of the Board as a significant milestone for the center and expressed confidence that their collective expertise will propel the center’s efforts to attract substantial foreign investments, fostering economic growth and job creation.
This appointment underscores the government’s ongoing dedication to boosting investor confidence, strengthening institutional leadership, and driving Ghana’s industrial transformation.
About GIPC:
The Ghana Investment Promotion Centre (GIPC) is the foremost investment promotion agency in Ghana, mandated to attract and retain foreign direct investment. GIPC plays a crucial role in facilitating investment projects, providing investor support services, and advocating for policies that enhance the investment climate in Ghana.
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