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The Board of Directors of the Ghana Investment Promotion Centre (GIPC), chaired by Ishmael Yamson, has made inputs into the new draft of the GIPC regulations, which are under review.

The Chief Executive Officer (CEO) of GIPC, George Aboagye, speaking at news briefing in Accra last week, said the board had directed the centre to include the vision of the country in the draft document.
He said they also called for the inclusion in the document the governments objective of creating more jobs for Ghanaians, especially the youth. Aboagye indicated that the board also expects that the new regulations will measure up to the current impact of the economy in order to assess the future economic situation of the country.

BusinessWeek learnt that the board said the regulations must be responsive to the needs of the local firms, as well as those of the foreign companies. The new regulations, GIPC Act 2008, will replace the GIPC 1994 Law.

As a result of these inputs form the board, the centre will hold several meetings with stakeholders before the board takes a critical look at the final document, after which it will be sent to Cabinet for consideration and approval. The draft document was supposed to be ready by the end of the 3rd quarter of this year, and then sent to Cabinet for scrutiny, but goes delayed.

Source: B. Week

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