Simon Madjie has been named the new CEO of the Ghana Investment Promotion Centre (GIPC), replacing Dr. Bernice Makafui Brempong.
Dr. Brempong was named CEO of GIPC earlier last month.
Why it matters
Madjie’s appointment comes as Ghana looks to attract more foreign direct investment amid economic challenges and a competitive regional investment landscape.
The details
- Until his appointment, Madjie served as the Executive Secretary of the American Chamber of Commerce in Ghana.
- The GIPC plays a key role in promoting and facilitating investments in Ghana, particularly in sectors like manufacturing, technology, and infrastructure.
Between The Lines
- No official explanation provided by the government for Dr. Brempong’s reassignment.
- However, insider sources suggest that she has been reassigned to a strategic role at the Jubilee House, the seat of government.
The big picture
- Ghana’s investment climate has been under scrutiny, with concerns about regulatory hurdles and economic stability.
- The new leadership at GIPC will be tasked with boosting investor confidence and positioning Ghana as a top destination for business in Africa.
Source: Citinews
