With immediate effect, the name of the Ghana Investment Promotion Centers has been modified. President John Dramani Mahama signed the outfit into Ghana Investment Promotion Authority (GIPA) under the Act, 2026 (Act 1173) into law on or around 22 July 2026.
This legislation now transforms the Ghana Investment Promotion Centre (GIPC) into the Ghana Investment Promotion Authority (GIPA), and now repeals and replaces the previous Ghana Investment Promotion Centre Act, 2013 (Act 865).
The new Act will help attract more foreign and domestic investment, reduce bureaucracy, and position the country as a stronger investment hub (including under the African Continental Free Trade Area – AfCFTA).
With this, there will be the removal of general minimum capital requirements for most foreign investments (previously USD 200,000 for joint ventures with Ghanaians and USD 500,000 for wholly foreign-owned enterprises). A reduced threshold (reported as USD 500,000) will be retained for trading enterprises.
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GIPA will now promote, facilitate, monitor, and provide aftercare for investments, including a one-stop shop for investors and a statutory Investor Grievance Mechanism. Besides, there will be stronger investor protections and an updated incentives framework (e.g., tax holidays, customs reliefs).
Other provisions:
- Introduction of citizenship-by-investment provisions.
- Expanded expatriate quotas and a statutory mandate for outward investment promotion.
- Annual registration renewal (instead of every two years) and transitional rules for existing GIPC-registered enterprises.
- Adjustments to activities reserved exclusively for Ghanaians.
GIPA CEO Simon Madjie has described the change as strengthening the institution’s ability to attract, retain, and support investors while ensuring broader benefits for Ghanaian communities and businesses.