President John Dramani Mahama has signed the new Ghana Investment Promotion Authority (GIPA) Act into law, replacing the former Ghana Investment Promotion Centre (GIPC) Act in a move aimed at strengthening Ghana’s investment climate.
The new legislation is expected to reposition Ghana as a leading investment destination in Africa by introducing reforms that simplify investment procedures, reduce bureaucratic delays and make it easier for businesses to establish and operate in the country.
Under the new law, investors will benefit from stronger legal protections designed to enhance confidence and provide greater security for both local and foreign businesses.
The Act also expands the mandate of the Ghana Investment Promotion Authority, empowering it to more effectively promote, facilitate and monitor investments across the country.
In addition, the legislation seeks to strengthen institutional capacity to improve investment promotion and create a more efficient regulatory environment.
The new GIPA Act also places greater emphasis on supporting local enterprises by helping Ghanaian businesses grow and participate more actively in the country’s investment ecosystem.
Government believes the reforms will boost investor confidence, attract more domestic and foreign investment, and contribute to sustainable economic growth and job creation.
