President Names New Governing Board for Ghana Investment Promotion Centre (GIPC)

President Names New Governing Board for Ghana Investment Promotion Centre (GIPC)

Accra, Ghana – July 14, 2025 – In line with the GIPC Act and after consultations with the Council of State, President H.E. John Dramani Mahama has appointed a new 10-member Governing Board for the Ghana Investment Promotion Centre (GIPC) to guide its strategic direction and boost its role in fostering economic growth and investment in Ghana.

THE NEW BOARD 

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, Mr Akwasi Oppong-Fosu. 

Other members include the Deputy Governor of the Bank of Ghana, Dr. Zakaria Mumuni, Dr. Audrey Smock Amoah, Director General of the National Development Planning Commission, Deputy Minister for Trade, Agribusiness and Industry, Hon Sampson Ahi, Deputy Minister of Finance, Thomas Nyarko Ampem, and the CEO of GIPC, Mr Simon Madjie Esq.

The rest are the CEO of the Ghana Association of Banks, John Awuah, President of the Greater Accra Markets Association, Mercy Afrowa Needjan, Dr. Reuben Owusu Gyamfi, and Major Christine Naa Adoley Oko (Rtd). 

This appointment underscores the government’s ongoing dedication to boosting investor confidence, strengthening institutional leadership, and driving Ghana’s industrial transformation. 

During the inauguration ceremony in Accra, the Minister of Trade, Agribusiness, and Industry (MOTAI), Hon. Elizabeth Ofosu-Adjare, emphasised the Centre's key role in promoting employment and economic growth through strategic Foreign Direct Investment (FDI) initiatives. 

HON ELIZABETH OFOSU (MIN. OF TRADE) IN THE MIDDLE WITH THE NEW BOARD

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.”

Chairperson of the Board, Mr. Akwasi Oppong-Fosu, 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. Simon Madjie, described the inauguration of the Board as a significant milestone for the Centre and expressed confidence that their collective expertise will propel the Centre’s efforts to attract substantial foreign investments, fostering economic growth and job creation.

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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Source: www.ghanansemonline.blogspot.com