Mahama appoints new Governing Board for GIPC
A renewed vision for investment leadership
In a strategic move aimed at revitalizing Ghana’s investment drive, President John Dramani Mahama has appointed a new Governing Board for the Ghana Investment Promotion Centre (GIPC). The 10-member board, inaugurated at a ceremony in Accra, is expected to spearhead efforts to attract and sustain Foreign Direct Investment (FDI), a vital pillar of Ghana’s economic transformation agenda.
The appointments, made in accordance with the GIPC Act and following consultations with the Council of State, bring together a powerhouse of experience and expertise from across finance, development planning, trade, and academia.
A blend of experience and expertise
At the helm of the newly constituted board is Mr. Akwasi Oppong-Fosu, a former Minister of State known for his extensive public service and policy acumen. His leadership is expected to inject renewed energy into GIPC’s strategic direction.
Other members of the board include:
- Dr. Zakaria Mumuni, Deputy Governor of the Bank of Ghana
- Dr. Audrey Smock Amoah, Director-General of the National Development Planning Commission
- Hon. Sampson Ahi, Deputy Minister for Trade, Agribusiness and Industry
- Thomas Nyarko Ampem, Deputy Minister of Finance
- Mr. Simon Madjie Esq., CEO of GIPC
- John Awuah, CEO of the Ghana Association of Banks
- Mercy Afrowa Needjan, President of the Greater Accra Markets Association
- Dr. Reuben Owusu Gyamfi
- Major Christine Naa Adoley Oko (Rtd)
The composition reflects a deliberate effort to ensure cross-sectoral representation, drawing insights from both public institutions and private enterprise.
Repositioning Ghana as an investment hub
At the inauguration ceremony, Madam Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness and Industry, underscored the critical role the GIPC plays in mobilizing investment to drive job creation and industrial growth. She charged the new board with aligning their strategic vision to the government’s broader economic goals.
“This appointment underscores our government’s unwavering commitment to restoring investor confidence, promoting industrial growth, and making Ghana a top destination for investment in Africa,” she declared.
Aligning strategy with national development
The Minister further urged the board to prioritize sectors with high growth potential, particularly agribusiness, manufacturing, technology, and green industries, noting that these sectors are central to the government’s industrialization and job creation agenda.
Dr. Audrey Amoah, representing the National Development Planning Commission on the board, is expected to play a crucial role in ensuring the GIPC’s strategies remain anchored in the country’s long-term development framework.
A critical moment for Ghana’s Economy
This board appointment comes at a critical time when Ghana is seeking to stabilize its macroeconomic environment and regain investor trust following global economic shocks. The newly constituted board is therefore expected to chart a bold, pragmatic path—making Ghana more attractive not just as a gateway to West Africa, but as a competitive player in the global investment landscape.
As the new board begins its work, expectations are high that it will deliver on its mandate to reposition Ghana as a compelling investment destination—one defined by innovation, transparency, and long-term value creation.
