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Ghana implements new investment law and institutional reforms
Ghana is implementing significant legislative and institutional reforms to overhaul its investment landscape. The newly signed Ghana Investment Promotion Authority Act (Act 1173) replaces the 2013 framework, rebranding the Ghana Investment Promotion Centre (GIPC) as the Ghana Investment Promotion Authority (GIPA). The new mandate expands GIPA’s role to include regulating technology transfers, promoting outward investment by Ghanaian companies, and serving as the national focal institution for the AfCFTA Protocol on Investment.
During the launch of the 2025 Annual Investment Report, officials highlighted that Ghana attracted $2.62 billion in Foreign Direct Investment (FDI) in 2025, involving over 250 projects expected to generate nearly 19,000 jobs. Government leaders, including Trade Minister Elizabeth Ofosu-Adjare, emphasized a strategic shift toward ensuring investments drive local production, value-chain development, and industrial transformation rather than just capital inflows.
To support these goals, the Bank of Ghana is working to develop financial products that channel diaspora remittances into productive domestic investments. GIPA CEO Simon Madjie noted that the current regime offers attractive incentives and that the government is focused on reducing regulatory bottlenecks to maintain competitiveness in the African market.
Entities
African Continental Free Trade Area · Bank of Ghana · Elizabeth Ofosu-Adjare · Ghana · Ghana Investment Promotion Authority · Institute of Economic Research and Policy Practice · John Dramani Mahama · Simon Madjie
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Act 1173 repeals the Ghana Investment Promotion Centre Act (Act 865).
- [○ 1 SOURCE] The GIPC is being restructured and rebranded as the Ghana Investment Promotion Authority (GIPA).
- [○ 1 SOURCE] GIPA will serve as Ghana's national focal institution for the AfCFTA Protocol on Investment.
- [● 2 SOURCES] The new law explicitly addresses sustainable investment, technology transfer, and outward Foreign Direct Investment.
- [○ 1 SOURCE] Economists at the IERPP have raised questions regarding Ghana's $2.62 billion FDI intake in 2025.
- [● 2 SOURCES] The Ghana Investment Promotion Authority Act (Act 1173) was signed into law in July 2026.