GIPC Launches 24-Hour Premium Service to Boost Investment Efficiency

The Ghana Investment Promotion Center (GIPC) has launched a 24-hour premium service aimed at eliminating processing delays, enhancing investment facilitation, and improving overall business efficiency.

In an interview with the media during the launch in Accra on 2nd April, the Chief Executive Officer of GIPC, Simon Madjie, stated that the premium service aligns with best global practices and will offer significant advantages to investors.

He added that these enhancements support GIPC’s commitment to the African Continental Free Trade Area (AfCFTA) protocol on investment.

“GIPC is dedicated to investor-friendly policies that prioritize efficiency, transparency, and responsiveness. That’s the supportive ecosystem for investors and businesses to succeed. This premium service aligns with best global practices. It is important to note that it will offer significant advantages for investors.”

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Dr. Madjie noted that by prioritizing urgent business needs, they can eliminate processing delays, which in turn enhances investment facilitation and boosts overall business efficiency.

The premium service is currently being piloted in Accra, with plans to extend it to other regions of the country.

Investors can register, renew their registrations, and access quotas through GIPC’s website within 24 hours.

Mr. Madjie expressed confidence that this new service, combined with ongoing efforts to update GIPC’s operations in line with current market dynamics, “will significantly enhance foreign direct investment, encourage reinvestment by existing businesses, and stimulate increased investment from local enterprises.”

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Building on this idea, the Head of Innovative Finance, Partnerships, and Market at the 24-hour Secretariat, Dr. Ishmael Nii Amanor Dodoo, emphasized the importance of embracing the 24-hour economy initiative.

He explained that this policy is not a political party tool but a national vision aimed at accelerating the country’s economy. Dr. Dodoo highlighted that the initiative is expected to create approximately 1.7 million jobs over the next four years.

“The 24-hour economy is not a party plan but a national vision to accelerate the country’s economy. 1.7 million jobs are envisioned to be created in four years through the 24-hour economy.

“Over 2,000 industries in the textile market are being engaged to enhance their production in the 24-hour economy, he said