In a move to strengthen Ghana’s economic backbone, the Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare has inaugurated Governing Boards for three institutions: Ghana Exim Bank, the Ghana Investment Promotion Centre (GIPC), and the Ghana Standards Authority (GSA).
With Ghana pushing to deepen its competitiveness under the African Continental Free Trade Area (AfCFTA), these boards are expected to shape trade policy, boost foreign direct investment, and tighten quality control across the country’s industrial sectors.
At the swearing-in ceremony on Wednesday, July 9, 2025, Minister Elizabeth Ofosu-Adjare underscored the magnitude of the task ahead.
“We want you to work very hard. We need to do a lot of standard harmonization because once we harmonize our standards with other countries, it will make trading with those countries very easy under the Africa continental free trade. So, your task is enormous.
I am confident that you know the mandates of the board for which you have been called to serve primarily to bring foreign investment to Ghana,” the Minister said.
The boards carry a collective mandate to drive investor confidence, build regulatory excellence, and pursue industrial innovation.
According to Ministry’s officials, these appointments come at a time when Ghana is navigating economic headwinds, a growing trade deficit, and evolving global market dynamics.
The composition of the boards is as follows:
- GIPC: 10 members
- Exim Bank: 9 members
- GSA: 12 members
The respective board chairpersons pledged to uphold the confidence entrusted in them by the President and committed to executing their duties responsibly.
The newly inaugurated boards are expected to drive innovation, strengthen regulatory frameworks, and promote investment and trade partnerships across various sectors.
