The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie(Esq.), has met a delegation from the European Parliament, led by Catarina Vieira, to discuss Ghana’s investment framework, ongoing legislative reforms and opportunities for foreign direct investment.
The discussion focused on proposed amendments to the Ghana Investment Promotion Authority Bill to enhance Ghana’s investment attractiveness.
These include removing minimum capital requirements, improving investor aftercare services, and strengthening protection for both foreign and domestic investors.
Mr Madjie noted that recent administrative reforms have significantly improved efficiency, explaining that the review of technology transfer agreements is now completed within four weeks, compared with earlier timelines that extended beyond two years.
He highlighted manufacturing, agro-processing and technology as key sectors attracting investment, stressing their potential to drive economic growth and job creation.
Mr Madjie also emphasised Ghana’s stable, conducive business environment, assuring investors of the security of their investments.
He said the reforms align with President John Dramani Mahama’s vision for businesses to thrive in an open, competitive economy.
Ms Vieira commended Ghana’s reform agenda and described the country as an emerging regional investment hub.
She underscored the European Parliament’s interest in early engagement with partner countries to better understand reform processes.
Ms Vieira further highlighted the need to align domestic reforms with international agreements such as the Sustainable Investment Facilitation Agreement, noting that Ghana’s proactive approach sends a positive signal to investors worldwide.
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