Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has reaffirmed Ghana’s status as a prime destination for foreign direct investment (FDI), highlighting the country’s policy reforms, vibrant fintech landscape, and promising manufacturing potential as key drivers of investor confidence.
Speaking recently, Mr. Madjie underscored the government’s commitment to economic transformation through strategic investment partnerships that align with President Mahama’s economic reset agenda.
Despite mounting global economic uncertainties, Mr. Madjie stated that investor confidence in Ghana remains robust. “Ghana is a favourable place for many businesses, and so the expectation is that we are going to continue on that trajectory,” he said. According to him, the government intends to sustain and deepen economic reforms to consolidate the country’s positive investment trajectory.
Central to this strategy is the anticipated review of the Ghana Investment Promotion Law, as pledged by President Mahama. The proposed legislative changes aim to streamline the investment process, address concerns raised by investors, and significantly enhance the ease of doing business in Ghana.
Fintech and Manufacturing in Focus
Mr. Madjie outlined the government’s clear intent to make Ghana the investment hub of West Africa, particularly in the financial technology and manufacturing sectors. He cited the Bank of Ghana’s strong regulatory oversight as a key enabler for fintech innovation, noting the growing demand for digital financial services across the country.
“We do have a vibrant Bank of Ghana as a good regulator for those that are in fintech, and there’s also the growing demand for fintech service across the country.”
Simon Madjie
To further drive innovation and attract more capital into the sector, Mr. Madjie revealed that President Mahama has proposed the creation of a $50 million fintech fund. This fund, once operational, is expected to stimulate investor appetite and accelerate startup growth, while solidifying Ghana’s position as a fintech powerhouse in the region.
Beyond the financial and technology sectors, the GIPC CEO pointed to strong opportunities in manufacturing and infrastructure. He called on foreign investors to form strategic partnerships with local firms, leveraging Ghana’s youthful and innovative population.
“We have a young, vibrant society where people are innovative, and that’s what is encouraging a lot more innovation. We encourage those who have the resources to invest and come into partnership with Ghanaians.”
Simon Madjie
Mr. Madjie added that these partnerships will be vital for driving industrialisation, job creation, and inclusive growth—key pillars of the President’s broader economic reset strategy.
High Investor Interest, Major Deals in Progress
Responding to inquiries about large-scale investment agreements similar to those recently signed with Gulf countries, Mr. Madjie acknowledged the time it often takes to finalise such deals. However, he stressed that Ghana continues to attract significant investor interest from across the globe. “There are major interests, but major deals take time. It takes some time to close some of these deals, to have an agreement and sign it off,” he noted.
He encouraged local businesses to prepare themselves for such investments by improving corporate governance, strengthening their value propositions, and aligning with international best practices. According to him, the ability of Ghanaian businesses to position themselves effectively will determine the scale and success of future investment partnerships.
Ultimately, Mr. Madjie reiterated GIPC’s support for President Mahama’s economic reset agenda, which seeks to rebuild and modernize Ghana’s economy through targeted investment and reform. By creating an enabling environment for both foreign and domestic investors, the administration aims to revamp key sectors, enhance productivity, and deliver sustainable economic growth. “We’re working to ensure that Ghana remains not only open for business, but also competitive and attractive in the global investment landscape,” Mr. Madjie concluded.
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