Ghana is Open for Business: A New Dawn for Investment and Economic Prosperity – Acting CEO GIPC CEO Simon Madjie Writes
Bold Reforms and Visionary Leadership Drive Ghana’s Investment Appeal
- Tax incentives, regulatory streamlining, and infrastructure upgrades
- Boosting business operations, job creation, and competitiveness
- Fiscal discipline, debt restructuring, and increased foreign investments
Ghana stands at a crucial turning point in its economic journey, fueled by visionary leadership and renewed investor confidence, according to Simon Madjie, Acting CEO of Ghana Investment Promotion Centre (GIPC).
He emphasized that the country is once again positioning itself as a top destination for local and foreign investors, backed by strategic reforms and policies aimed at economic recovery.
Madjie acknowledged past economic hurdles, including currency depreciation, inflation, high import costs, and unreliable power supply, which forced some investors to exit the market. Additionally, inefficient regulations, high taxes, and infrastructure challenges have long plagued businesses.
However, he noted that President John Dramani Mahama’s administration is committed to reversing these setbacks through fiscal discipline, regulatory reforms, and pro-business policies.
Highlighting Mahama’s consultative leadership, Madjie pointed to the National Economic Dialogue as a key initiative to shape investor-friendly policies. Measures such as restructuring external debt, stabilizing the financial sector, and cutting government expenditure signal a government focused on economic revitalization.
One of the flagship policies, the 24-hour economy, aims to enhance productivity and job creation by encouraging round-the-clock business operations.
Tax incentives, reliable electricity supply, and infrastructure upgrades are key components of this initiative, making Ghana an attractive hub for investment across sectors like manufacturing, agro-processing, and financial services.
Beyond economic reforms, Ghana is also prioritizing foreign direct investment through a renewed focus on economic diplomacy, streamlined business regulations, and enhanced investor protections under the Ghana Investment Promotion Act.
“The message is clear—Ghana is open for business,” Madjie stated. “Investors who overlook Ghana risk missing out on significant opportunities in one of Africa’s most promising economies.”
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ARTICLE (GHANA IS OPEN FOR BUSINESS, A NEW DAWN FOR INVESTMENT AND ECONOMIC PROSPERITY)
