Trade Minister inaugurates new GIPC board, tasks it to bolster investment drive

Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has inaugurated a new 10-member Governing Board of the Ghana Investment Promotion Centre (GIPC), charging it to enhance Ghana’s competitiveness as a prime destination for foreign direct investment (FDI).

The inauguration ceremony took place on Wednesday, 9 July 2025.

The board, chaired by Akwasi Oppong-Fosu, is expected to provide strategic leadership to support GIPC’s core mandate of attracting and retaining high-quality investments that spur economic growth and generate employment.

Other members include Dr. Zakaria Mumuni, Dr. Audrey Smock Amoah, Deputy Trade Minister Sampson Ahi, Deputy Finance Minister Thomas Nyarko Ampem, GIPC CEO Simon Madjie, Dr. Reuben Owusu Gyamfi, Ghana Association of Banks CEO John Awuah, Major Christine Naa Adoley Oko (Rtd), and Greater Accra Markets Association President Mercy Afrowa Needjan.

In her address, Ofosu-Adjare highlighted the GIPC’s pivotal role in Ghana’s economic transformation and revealed that the government is reviewing the GIPC Act to align the Centre with emerging global investment trends.

“We are looking at your law again to make it more robust and effective, to help you achieve your mandate as reposed in you by His Excellency the President of the Republic of Ghana,” she stated.

Chairman Oppong-Fosu, speaking on behalf of the board, pledged full commitment to the GIPC’s mission and the broader vision of national transformation.

“We do not take these responsibilities lightly. We pledge that we are committed to supporting your efforts in achieving the vision of His Excellency the President in transforming this country,” he affirmed.

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