Investors assured of efficient processes under revised GIPC rules

President John Dramani Mahama has assured international investors that Ghana is creating a more predictable and transparent investment climate through key reforms in public procurement and investment promotion laws.

Addressing the Ghana–Singapore Business Forum on the final day of his state visit, President Mahama said his administration has amended Ghana’s public procurement law and streamlined approvals under the Ghana Investment Promotion Centre (GIPC) Act to make investment processes faster, clearer, and more transparent.

“We have amended our public procurement law and streamlined approvals under the GIPC Act to provide fast, transparent pathways for investment,” He told the gathering of Singaporean business leaders, adding that these reforms are part of a broader drive to position Ghana as a trusted hub for regional and global investors.

He further revealed that two landmark bills the revised GIPC Bill and a new legal framework establishing the 24-Hour Economy Authority will soon be laid before Parliament, describing them as a statement of Ghana’s commitment to building a dynamic, inclusive, and globally competitive economy.

President Mahama outlined several priority investment areas, including manufacturing, agribusiness, renewable energy, port expansion, and digital infrastructure, while highlighting Ghana’s strategic role as host of the African Continental Free Trade Area (AfCFTA) Secretariat.

He emphasised that Ghana under his leadership would be “a pro-enterprise state,” simplifying permits, digitising customs systems, and de-risking projects through viability gap funding, government support, and international guarantees.

He called on Singaporean businesses to submit expressions of interest in Ghana’s pipeline of bankable projects, pledging that a dedicated Ghana–Singapore deal team would be set up to facilitate investments and deliver at least US$ 100 million in new commitments within 12 months.