Ghana Investment Promotion Centre (GIPC) Rolls Out 24-Hour Premium Service
Story By: Rebecca Okine
The Ghana Investment Promotion Centre (GIPC) has launched its 24-hour premium service aimed at improving investment registration and approval processes. The announcement was made by GIPC’s Chief Executive Officer, Mr. Simon Madjie, at a media luncheon in Accra yesterday. According to Mr. Madjie, the new service will significantly enhance the efficiency of processing investor applications and improve overall service delivery.
He explained that the premium service aligns with the government’s 24-hour economy initiative, designed to create a dynamic business environment, attract investment, and foster sustained economic growth. Mr. Madjie also noted that this initiative is part of broader efforts, including a review of the GIPC Act, aimed at removing barriers to investment in Ghana.
“This is what we’ve launched today, a 24-hour premium service for all of our investors,” said Mr. Madjie. “Ghana, like every other country, is competing globally for investment. The more we improve our processes for receiving investors, the better it will be for all of us.”
He further emphasized that the initiative is not only about attracting foreign investment but also about directing local businesses to new opportunities.
“There’s a broader strategy to look inward for investment from Ghanaians who have the resources to invest. We are mapping out opportunities across the regions and directing Ghanaian businesses to where these opportunities exist,” he added.
Mr. Madjie also addressed concerns that the GIPC was overly focused on foreign investors. He clarified that the Centre’s mandate includes encouraging local businesses with the capacity to tap into investment opportunities in the country.
In support of the initiative, Dr. Ishmael Nii Amanor Dodoo, Head of Innovative Finance, Partnership, and Markets at the 24-hour Economy and Accelerated Export Development, spoke at the launch, highlighting the connection between the GIPC’s premium service and the government’s broader 24-hour economy policy. Dr. Dodoo projected that the government could exceed its target of creating 1.7 million jobs through the 24-hour economy initiative.
“We believe we will exceed the target of 1.7 million jobs,” Dr. Dodoo said. “If you look at the agricultural sector alone, we can generate over 500,000 jobs through various value chains whether it’s growing, processing, harvesting, warehousing, transportation, packaging, or networking.”
He also pointed to the pharmaceutical, manufacturing, and textile sectors as key areas for job creation. Additionally, Dr. Dodoo stressed the importance of digital skills in driving growth within these sectors. As part of the Government’s 24-hour economy policy, the Ghana Investment Promotion Centre (GIPC) has introduced a 24-hour expedited/premium service to enhance efficiency in investor application processing, improve service delivery, and generate additional revenue for the Centre. This initiative aligns with global best practices by offering investors an opportunity to receive priority processing for their applications. The 24-hour premium service offered by GIPC is part of a wider effort to ensure that Ghana remains competitive in attracting both local and foreign investments while also supporting the creation of sustainable jobs for Ghanaians.
