The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has called for active stakeholder participation in shaping the proposed Ghana Investment Promotion Authority (GIPA) Bill, 2025.

The Bill, which will replace the GIPC Act, 2013 (Act 865), seeks to establish GIPA as the primary agency responsible for encouraging, promoting, and regulating investments in Ghana.

Speaking at a stakeholder consultation with public sector representatives in Accra, Mr. Madjie stressed that the new legislation must align with the realities of Ghana’s changing investment landscape.

“This process is about more than drafting legislation.

It’s about listening, building consensus, and ensuring the rules we set actually work for investors and for Ghanaians,” he said.

He explained that the GIPA Bill aims to address persistent challenges such as fronting and regulatory inconsistencies, while also providing stronger support systems for both local and foreign investors.

The Director of GIPC’s Legal Division, Ms. Naa Lamle Orleans-Lindsay, outlined key reforms under the Bill, including an expanded mandate for the Authority, a review of minimum foreign capital requirements, and the introduction of a revised governance structure to better safeguard investor interests.

The consultation concluded with an interactive Q&A session, during which participants shared concerns and offered recommendations to further refine the draft Bill.