The Ghana Investment Promotion Centre (GIPC) has initiated stakeholder consultations on the Ghana Investment Promotion Authority (GIPA) Bill, 2025, which is expected to replace the GIPC Act, 2013 (Act 865).

The new Bill seeks to establish the Ghana Investment Promotion Authority (GIPA) as the lead government agency mandated to encourage, promote, facilitate and regulate investments in Ghana.

Speaking at a stakeholder meeting with public sector representatives in Accra, the Chief Executive Officer of the GIPC, Simon Madjie, stressed the critical role of stakeholder input in shaping the new legislation.

He explained that the consultation formed part of a broader effort to build consensus around the Bill, adding that the proposed law would address persistent challenges in the investment space, including fronting and regulatory inconsistencies.

“The GIPA Bill is designed to provide a modern and effective framework that responds to the realities of Ghana’s investment climate while ensuring that the needs of both government and investors are adequately reflected,” GIPC boss said.

The Director of the Legal Division of GIPC, Naa Lamle Orleans-Lindsay, outlined the rationale for replacing the 2013 Act, which has guided investment promotion in the country for over three decades.

She said the reforms under the new Bill would expand the Authority’s objectives, introduce a revised governance structure and review the minimum foreign capital requirements, all with the aim of strengthening investor protection and driving sustainable economic growth.

The session concluded with an interactive discussion in which participants shared insights, raised concerns and made proposals for consideration in the final draft of the Bill.

The consultation is the first in a series of engagements planned by the GIPC to ensure that the Bill, when passed into law, reflects the aspirations of the nation and supports Ghana’s competitiveness as an investment destination.