Hon. Akwasi Opong-Fosu sworn in as Board Chairman of GIPC

In a strategic move to revitalize Ghana’s investment landscape, Hon. Akwasi Opong-Fosu has officially been sworn in as the new Board Chairman of the Ghana Investment Promotion Centre (GIPC). The ceremony marked a significant moment for both the government and the country’s investment sector, as stakeholders look to build a more resilient and investor-friendly economy.

A seasoned politician and public servant

Hon. Akwasi Opong-Fosu is no stranger to public service. A respected figure within Ghana’s political landscape, he has served as the Member of Parliament for the Amenfi East constituency since January 7, 2013, representing the National Democratic Congress (NDC). His political journey reached a significant milestone in March 2013, when he was appointed Minister for Local Government and Rural Development by then-President John Dramani Mahama. He served in that role until May 2014.

With a background in local government administration and policy, Opong-Fosu brings to the GIPC a deep understanding of public sector governance and regional development planning.

Academic and professional background

Born in Afransiei in the Western Region of Ghana, Hon. Opong-Fosu’s academic foundation is rooted in strong public administration principles. He earned a master’s degree in Public Policy and Management from the University of London in 2002, adding to his credibility as a governance and development expert.

Professionally, he has been employed in Ghana’s local government service in Accra, where he worked to enhance administrative systems and improve service delivery at the district level.

Mandate of GIPC: Building Ghana’s investment future

The Ghana Investment Promotion Centre is a government agency mandated to promote and facilitate both foreign and domestic investments in the country. Its mission is to position Ghana as a premier investment destination, supporting economic transformation through strategic partnerships and streamlined investment procedures.

As Board Chairman, Hon. Opong-Fosu is expected to provide leadership and oversight that aligns GIPC’s activities with Ghana’s broader development goals, including industrialization, job creation, and regional economic integration.

Expectations and strategic priorities

With Ghana navigating a complex post-pandemic economic recovery and pursuing opportunities under the African Continental Free Trade Area (AfCFTA), Hon. Opong-Fosu’s appointment comes at a critical time. Analysts and stakeholders expect him to focus on:

• Decentralized Investment Promotion: Leveraging his background in local governance to identify and promote investment opportunities beyond Accra.
• Policy and Regulatory Reform: Supporting reforms that improve the ease of doing business in Ghana.
• Investor Confidence: Enhancing transparency and reducing bureaucratic barriers to attract and retain investors.
• Youth and Innovation: Encouraging entrepreneurship and innovation as key drivers of economic growth.

A new era of Leadership

During the swearing-in ceremony, government officials praised Hon. Opong-Fosu’s depth of experience and leadership qualities. His appointment is seen as part of a broader push to strengthen state institutions with capable, forward-thinking individuals who can navigate the demands of modern governance.

Stakeholders from the private sector and development community have welcomed the move, expressing optimism about increased engagement and collaboration with the GIPC under his chairmanship.

Steady hands for strategic growth

Hon. Akwasi Opong-Fosu’s assumption of the role as Board Chairman of the Ghana Investment Promotion Centre symbolizes a renewed commitment to attracting quality investments into Ghana. With his extensive public service record, policy expertise, and grounding in local governance, many believe he is well-positioned to guide GIPC through a transformative period.

As Ghana looks to deepen economic ties, modernize its economy, and create jobs for the future, the leadership of Hon. Opong-Fosu could play a defining role in shaping a more inclusive and globally competitive investment landscape.