Simon Madjie is the CEO of GIPC
Simon Madjie, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), has assured foreign investors of a secure and non-discriminatory investment climate in Ghana.
He said Ghana’s legal and regulatory framework guaranteed protection against expropriation and discrimination, while allowing the free transfer of capital, dividends and profits.
Madjie gave the assurance in Accra at a meeting with a business delegation led by Japan’s State Minister of Foreign Affairs, Kunimitsu Ayano.
He said foreign investors were treated the same as local investors, subject only to local content requirements aimed at enhancing participation and value addition.
Cedi ends third week of January trading at GH¢10.87 to $1.
He noted that Ghana’s stable democratic system, predictable governance structures and independent institutions continued to inspire investor confidence.
GIPC CEO highlighted Ghana’s hosting of the African Continental Free Trade Area (AfCFTA) Secretariat, which provides access to a continental market of about 1.4 billion people, in addition to the Economic Community of West African States (ECOWAS) market of over 400 million people.
He added that Ghana had signed several bilateral and multilateral agreements, including conventions on dispute resolution and arbitration, enabling investors to enforce awards locally.
“Ghana’s Constitution explicitly encourages and protects foreign direct investment,” Madjie said.
