Ghana’s 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 the team to position Ghana as a top destination for foreign direct investment (FDI).
The newly constituted board, chaired by former Local Government Minister Akwasi Oppong-Fosu, brings together a diverse group of professionals from government, finance, and industry. The board is expected to provide strategic guidance to the GIPC in attracting and retaining investments that promote sustainable economic growth and job creation.
Other members of the board 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.
Speaking at the inauguration in Accra on Wednesday, Mrs. Ofosu-Adjare highlighted the critical role of the GIPC in Ghana’s economic transformation. She also announced that a review of the GIPC Act is underway to align the Centre’s legal framework with evolving global investment dynamics.
“I am confident that you know the mandate of the board for which you have been called to serve, primarily to bring foreign direct investment into Ghana,” the minister stated. “We are looking at your law again to make it more robust, more effective and to help you achieve your mandate as reposed in you by His Excellency the President of the Republic of Ghana.”
The Board Chair Akwasi Oppong-Fosu pledged the board’s commitment to supporting government efforts to boost Ghana’s global investment appeal.
“We do not take these responsibilities lightly,” he said. “We are committed to supporting your efforts in achieving the vision of His Excellency the President in transforming this country.”
The inauguration comes at a time when Ghana is seeking to revitalize its economy by attracting high-quality investments, especially in sectors such as manufacturing, agriculture, renewable energy, and digital technology.
Observers say the composition of the board reflects a cross-sectoral approach to investment promotion, signaling a renewed focus on partnerships, accountability, and results.
