The newly appointed Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr Simon Madjie, has officially met with the management and staff of the organization to introduce himself, share his vision, and outline his plans to further propel the Centre’s mission of boosting investments into the country.
According to a press statement issued on February 14, the meeting was attended by the former CEO, Mr Yofi Grant.
In his address, he commended the GIPC team for their hard work and dedication in enhancing the Centre’s services over the years but stressed that there was still much work to be done.
He emphasized that the Centre’s comprehensive drive to attract investors, both local and international, is crucial in positioning Ghana as a regional business powerhouse.
“I urge all of you to support our drive to inform both local and global investors that Ghana is indeed open for business,” Mr Madjie said, as he set the tone for his leadership.
Mr Grant, who officially handed over the leadership reins to Mr Madjie, expressed his heartfelt gratitude to the management and staff for their support during his tenure.
He also called for continued support for the new CEO to help the Centre achieve its goals under his guidance.
Mr Madjie’s appointment as GIPC CEO was made by President John Dramani Mahama, following the reassignment of Dr Bernice Makafui, the previous CEO, to the presidency as a presidential staffer.
One of Mr Madjie’s primary objectives is to strengthen collaboration with key ministries and government agencies to attract Foreign Direct Investments (FDI) into the country.
He plans to create a more cohesive approach to investment promotion by aligning national development priorities with the interests of investors, ultimately fostering sustainable economic growth.
“By fostering stronger partnerships, we aim to streamline processes and ensure that Ghana remains a top choice for foreign investment,” Mr Madjie said.
In a bid to enhance Ghana’s global investment appeal, Mr Madjie also outlined plans to map investment opportunities in each of the country’s districts.
The Centre will actively promote these opportunities to potential investors during its upcoming sensitization tours. He also plans to appoint regional directors across all 16 regions to oversee this project and ensure that investment efforts are decentralized.
“It is very important that in our investment promotion efforts, we speak about the country’s opportunities with specific data, not generic assertions,” he added.
The new CEO also revealed his plans to establish an ‘AfCFTA Desk’ at the GIPC, which will specifically coordinate the Centre’s efforts to leverage the African Continental Free Trade Area (AfCFTA).
Mr Madjie believes this initiative will allow Ghana to tap into the promising opportunities provided by the AfCFTA agreement, strengthening the country’s position in the regional trade pact.
Another key focus of Mr Madjie’s tenure will be completing the review of the GIPC Act, which was initiated by his predecessor, while also improving the Centre’s efficiency in processing registrations.
He intends to realign some of the Centre’s activities to take full advantage of the government’s 24-hour economy policy, ensuring that GIPC remains responsive and agile in a fast-paced global market.
“He added that some of GIPC’s activities will be realigned and repurposed to take
full advantage of the government’s 24-hour economy policy,” the statement read
“I intend to build the capacity of the GIPC team to ensure that we all have the required skillset for the future we want to create,” the statement read, emphasizing the importance of internal collaboration and partnerships with external stakeholders to drive Ghana’s growth forward.
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