Ghana Advances 24-Hour Economy Agenda with Strategic GIPC–CAETP MoU
The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding with the China–Africa Economic and Trade Promotion Council (CAETP) to establish the China–Ghana Economic and Cooperation Project Programme.
The programme is intended to provide a structured platform for investment promotion, investor engagement, and coordinated project development between Chinese enterprises and Ghanaian stakeholders.
It further aims to deepen investor engagement, improve deal flow, and accelerate the development of bankable projects that support Ghana’s long-term growth objectives, while underscoring the Centre’s commitment to proactive, institution-driven investment promotion and sustained engagement with strategic partners in China.
The MoU was signed at the recent China-Ghana Economic and Trade Cooperation Project Promotion Conference and the Inauguration Ceremony of the GIPC China Liaison Office.
The Ghana–China Delegation Mission was led by the 24-Hour Economy Secretariat (24H+) and strategically coordinated by the Presidential Advisor on the 24-Hour Economy, Mr Augustus Tanoh.
Other participants included representatives from the National Development Planning Commission (NDPC), the Ministry of Finance, the Ministry of Fisheries and Aquaculture Development, the Ministry of Tourism, Culture and Creative Arts, the Ghana Export Promotion Authority (GEPA), and the Ghana Infrastructure Investment Fund (GIIF).
The mission, part investment promotion and part study tour, follows President John Dramani Mahama’s visit to China last year and reflects Ghana’s strategy to convert high-level diplomatic engagements into concrete investment partnerships.
As part of the activities, the Ghana mission had the opportunity to present specific 24h+ projects, particularly those in the Volta Economic Corridor (VEC), to investors in greater detail than is possible at a presidential seminar. It also provided an opportunity to collaborate with Chinese public research institutions to accelerate and sustain the President’s 24H+ initiative.
The study tour is to help the mission gain a clearer understanding of China’s development model and the tools it has used, and to evaluate which strategies and methods of China’s success might be applicable to Ghana.
For instance, the mission aims to examine how China has organised relations among state sectors, foreign capital, and indigenous small and medium-sized enterprises. It also aims to understand how China has addressed inevitable ecological challenges and developed technologies, including affordable irrigation systems, AI-based agroecology, and large-scale off-grid renewable energy systems.
The mission aligns with Ghana’s broader industrial and economic transformation agenda, which emphasises private-sector-led investment, value-chain development, and sustainable job creation.
Under the leadership of GIPC Chief Executive Officer, Mr Simon Madjie, GIPC’s engagements with the Chinese business community focused on positioning Ghana as a competitive, investor-ready destination supported by clear policy frameworks, targeted incentives, and improved ease-of-doing-business reforms.
He outlined Ghana’s investment entry processes, sector-specific opportunities, and government measures to reduce transaction costs and strengthen investor confidence across priority sectors.
The Deputy Chief Executive Officer of GEPA, Mr Ambrose Nsarkoh, also contributed to investor engagements through presentations on Ghana’s export potential, trade facilitation mechanisms, and market access opportunities.
