President John Dramani Mahama has named a new 10-member Governing Board for the Ghana Investment Promotion Centre (GIPC), marking a pivotal step toward revitalising the country’s investment climate and accelerating economic development.
The appointments, made in accordance with the GIPC Act and following consultations with the Council of State, reflect the administration’s commitment to strengthening Ghana’s investment architecture with experienced leadership drawn from diverse sectors including finance, trade, planning, and industry.
Former Minister of State, Mr. Akwasi Oppong-Fosu, will chair the newly constituted board. Joining him are high-profile figures such as Dr. Zakaria Mumuni, Deputy Governor of the Bank of Ghana; Dr. Audrey Smock Amoah; the Director-General of the National Development Planning Commission; and Hon. Sampson Ahi, Deputy Minister for Trade, Agribusiness and Industry.
Also serving on the board are Thomas Nyarko Ampem, Deputy Minister of Finance; Mr. Simon Madjie Esq., CEO of the GIPC; John Awuah, CEO of the Ghana Association of Banks; Mercy Afrowa Needjan, President of the Greater Accra Markets Association; Dr. Reuben Owusu Gyamfi; and Major Christine Naa Adoley Oko (Rtd).
The board’s formation is a clear signal of the government’s intent to realign the GIPC’s strategic focus and position Ghana as a preferred destination for both regional and international investors.
Speaking at the official inauguration in Accra, the Minister of Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, emphasised the Centre’s expanding role in national economic transformation. She underlined the government’s efforts to reshape the legal and regulatory framework governing investments in Ghana.
“This will ensure that Ghana remains a top destination for high-quality investments,” she stated, referencing the recently reviewed GIPC Act aimed at attracting more sustainable and impactful foreign direct investments.
Newly appointed Board Chair Mr. Oppong-Fosu pledged the board’s full cooperation with the Ministry to realise the President’s economic vision.
He reaffirmed the board’s readiness to assist in “supporting MOTAI in realising the President’s vision of a transformed Ghanaian economy through strategic investment promotion.”
GIPC CEO Simon Madjie welcomed the new board as a critical turning point for the Centre, expressing optimism about the expertise they bring.
He hailed the appointments as a “significant milestone for the Centre,” and added that he is confident “their collective expertise will propel the Centre’s efforts to attract substantial foreign investments, fostering economic growth and job creation.”
The new board is expected to provide strategic leadership, mobilise investment inflows, and support the Centre’s mission of driving private sector-led growth as Ghana pursues an ambitious post-pandemic economic recovery agenda.
Source: GIPC