President Mahama signs new GIPA Act to transform Ghana’s investment climate
President John Dramani Mahama has signed into law the new Ghana Investment Promotion Authority (GIPA) Act, replacing the former Ghana Investment Promotion Centre (GIPC) Act in a major reform aimed at strengthening Ghana’s investment climate.
This legislation is set to reposition Ghana as a top investment destination in Africa and beyond, with streamlined processes that cut red tape and make it easier for investors to establish and operate businesses in Ghana.
The new Act guarantees enhanced investor protection by strengthening the legal framework to give both local and foreign investors greater confidence and security, while also improving institutional capacity by empowering the Authority with expanded mandates to promote, facilitate, and monitor investments more effectively.
The Ghana Investment Promotion Authority is also mandated to boost local enterprise by supporting Ghanaian businesses to scale up and participate meaningfully in the investment ecosystem.
These are bold steps to accelerate economic growth, create jobs, and position Ghana as the leading investment hub in West Africa.
This marks another step in the government’s #ResettingGhana agenda to build a more competitive, business-friendly, and resilient economy.
