President Mahama Signs New GIPA Act to Boost Investment and Position Ghana as West Africa’s Business Hub

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.

The new legislation is expected to reposition Ghana as a leading investment destination in Africa by simplifying investment procedures, reducing bureaucratic bottlenecks, and making it easier for both local and foreign investors to establish and operate businesses.

The Act also strengthens investor protection by providing a more robust legal framework that enhances confidence and security for investors while improving the country’s overall investment environment.

Additionally, the law expands the mandate of the Ghana Investment Promotion Authority, empowering it to more effectively promote, facilitate, regulate, and monitor investments across key sectors of the economy.

A key feature of the Act is its emphasis on supporting Ghanaian businesses, enabling local enterprises to scale up, attract investment, and participate more competitively in the country’s growing investment ecosystem.

The government says the new GIPA Act forms part of its broader economic transformation agenda and is expected to drive sustainable economic growth, create jobs, attract quality investments, and reinforce Ghana’s position as the preferred investment destination in West Africa.

The legislation marks another step in the government’s #ResettingGhana agenda to build a more competitive, business-friendly, and resilient economy.