AmCham Ghana Joins Stakeholder Consultation on New Investment Promotion Bill

Last Friday, on the sidelines of the Ghana Investment Promotion Centre’s (GIPC) stakeholder consultation, our CEO, Doris Kafui Afanyedey, and Communications Officer, Albert Ludwig, joined the discussions alongside private sector representatives, including Adjoba Kyiamah, Executive Director of the UK-Ghana Chamber of Commerce (UKGCC).

The session brought together both public and private sector voices to review the Ghana Investment Promotion Authority (GIPA) Bill, 2025, set to replace the GIPC Act, 2013 (Act 865). Once passed, the Bill will establish GIPA as the lead government agency for promoting, facilitating, and regulating investments into and within Ghana.

 

Mr. Simon Madjie, CEO of GIPC, emphasized that stakeholder contributions are key to shaping the Bill, noting that the process is designed to build consensus and create a legal framework that responds to the realities of Ghana’s investment climate. He also highlighted that the Bill addresses persistent issues such as fronting and regulatory inconsistencies.

From the legal perspective, Ms. Naa Lamle Orleans-Lindsay, Director of GIPC’s Legal Division, explained why the law needs updating after more than three decades. She pointed to reforms such as expanding the Authority’s mandate, revising its governance framework, and reviewing minimum foreign capital requirements, measures aimed at strengthening investor protection and driving sustainable growth.

 

The consultation ended with an interactive Q&A session, where both public and private sector participants, including AmCham Ghana and UKGCC, shared perspectives, raised concerns, and contributed meaningfully to shaping Ghana’s investment future.

AmCham Ghana Welcome Reception for Members and Farewell in Honor of Mr. Simon Madjie

The American Chamber of Commerce, Ghana (AmCham Ghana), hosted members for the 2025 Welcome Reception & Farewell in honor of Mr. Simon Madjie on Thursday, March 13, 2025, for a special networking and farewell event. The gathering took place at the residence of AmCham Director, Mr. Ashok Mohinani.

This annual networking event serves as a platform for members to connect, unwind, and explore potential business opportunities. This year, we had the distinct honor of welcoming the Presidential Advisor on the Economy, Hon. Seth Terkper, as our Guest Speaker. He participated in a fireside chat moderated by AmCham Board Director Mr. Joe Mensah, where he provided insightful perspectives on the 2024 Budget, the economic landscape, and emerging business opportunities.

The key highlight of the evening was the farewell session for Mr. Simon Madjie. Former AmCham Ghana Presidents, AmCham Ghana Board Members, Acting Executive Secretary, and distinguished members shared heartfelt remarks, expressing their appreciation for his years of dedicated service and leadership. As a token of gratitude, the AmCham Board of Directors presented Mr. Madjie with a commemorative collage celebrating his invaluable contributions to the Chamber. His unwavering commitment and hard work have left a lasting impact, and we will continue to honor his legacy at AmCham Ghana.

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