By: Jacob Aggrey
The Former Minister for Local Government and Rural Development and the former Member of Parliament for Amenfi East in the Western Region of Ghana, Akwasi Oppong-Fosu, has officially been sworn in as the new Chairman of the Governing Board of the Ghana Investment Promotion Centre (GIPC).
The inauguration ceremony, was held on Wednesday, 9th July 2025 in Accra.
The 10-member board, under the leadership of Mr Oppong-Fosu, is expected to provide strategic oversight and guidance to GIPC in attracting and retaining high-quality investments that promote inclusive growth and job creation.
The board includes experts and policymakers from various sectors, such as Deputy Trade Minister Sampson Ahi, Deputy Finance Minister Thomas Nyarko Ampem, GIPC CEO Simon Madjie, Dr. Audrey Smock Amoah, Dr. Zakaria Mumuni, 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 event, Mr Oppong-Fosu expressed deep appreciation for the trust reposed in him by the President and the Minister for Trade, Agribusiness and Industry.
He assured stakeholders of his firm commitment to the Centre’s mission and national development agenda. “We do not take this responsibilities lightly,” he said.
“We pledge that we are committed to supporting your efforts in achieving the vision of His Excellency the President in transforming this country.”
He was confident that under the new board, foreign investors would continue to find Ghana an attractive place to do business, citing political stability, a growing market, and institutional reforms as key drivers.
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, who inaugurated the board, praised the Chairman and his colleagues for accepting the call to serve.
She emphasized the vital role GIPC plays in Ghana’s economic transformation and revealed that government is in the process of reviewing the GIPC Act to align with new global investment trends.
“We are looking at your law again to make it more robust and effective, to help you achieve your mandate,” she said.
In his remarks, GIPC CEO Simon Madjie also welcomed the board and reiterated the Centre’s commitment to investor satisfaction, innovation, and policy alignment.
He expressed optimism that with the new board’s leadership, GIPC would scale up efforts to attract strategic investments in key sectors such as agribusiness, technology, manufacturing, and energy.
The event was not only a formal transition of leadership but also a reaffirmation of Ghana’s investment ambition.
Under the stewardship of Mr Akwasi Oppong-Fosu, GIPC is expected to play an even more pivotal role in driving economic transformation and securing the future prosperity of Ghanaians.
Known for his strong background in governance and decentralization, Mr Oppong-Fosu’s leadership is expected to bring renewed focus and energy to GIPC’s strategic direction.
