The Ghana Investment Promotion Centre (GIPC) has introduced a groundbreaking 24-hour premium service aimed at fast-tracking investment processes, piloting initially in Accra before being extended to other regions. This initiative aligns with President John Dramani Mahama’s bold decision to create jobs through the 24-hour Economy Policy, designed to stimulate economic growth and attract foreign investment.
Speaking at the launch, GIPC’s Chief Executive Officer, Mr. Simon Madjie, emphasized that the service is designed to expedite key processes such as the registration of investments, renewal processing, and the issuance and renewal of automatic quotas—all within a 24-hour timeframe. He noted that the 24-hour countdown begins when the Investor Services Department verifies that all necessary documents are complete, an invoice has been generated, and payment has been received.
Mr. Madjie pointed out that in an increasingly competitive global market, enhancing business efficiency is crucial for attracting foreign direct investment. He remarked, “This initiative sends a clear signal that Ghana is open for business. It supports the government’s broader agenda of creating a thriving business environment to facilitate economic recovery.”
Providing more details on how the premium service will work, GIPC’s Acting Head of Investor Services, Mr. Kwame Kesse-Agyepong, explained that the service covers investor registrations, certificate renewals, and automatic and replacement quotas. It is available only upon request, with the condition that investors have all mandatory documents ready and payments completed. Applications can be submitted in person or via email at expinvestor.services@gipc.gov.gh.
Mr. Kesse-Agyepong outlined the workflow, noting that once an application is received, a dedicated 24-hour team lead acknowledges receipt and assigns it to an officer who ensures that the required documents are in order. After verification, the officer communicates the necessary fees, generates an invoice, and confirms payment. The processed documents are then reviewed and approved by the Director of Investor Services before the final certificate or letter is printed, signed, and made available for pickup.
The premium service, which prioritizes urgent business needs, aims to minimize operational disruptions and enhance business continuity, thereby boosting investment facilitation and overall efficiency. It also supports Ghana’s commitment to the AfCFTA protocol on investment, focusing on streamlining visa and permit facilitation for foreign workers.
As the pilot phase rolls out in Accra, GIPC is optimistic that the initiative will significantly improve foreign direct investment, encourage reinvestment by existing businesses, and stimulate increased investment from local enterprises. If successful, the service will be extended to other regions, further reinforcing Ghana’s commitment to creating a favorable business environment.
Investors are encouraged to take full advantage of this expedited service to seamlessly establish or expand their operations in Ghana.
