Ghana's government will introduce a Business Regulatory Reform Bill to Parliament. This new legislation aims to simplify regulations and make business operations easier across the country. The Minister of Trade, Agribusiness and Industry, Mrs. Elizabeth Ofosu-Adjare, confirmed this development. She stated the bill is a key step towards creating a more predictable business environment.
The proposed law will address numerous and often duplicated regulations currently facing businesses. It will reduce compliance costs and provide clearer information on applicable rules. Mrs. Ofosu-Adjare explained that every regulation will be assessed for its cost to enterprises. It will also be open to public-private consultation and catalogued in one central place. This initiative seeks to boost investor confidence and improve Ghana's global competitiveness.
This reform effort fits into Ghana's broader strategy to enhance its economic appeal. The government is actively working to improve the ease of doing business. This includes strengthening coordination among public institutions. It also involves reducing avoidable delays in approvals and administrative processes. Such measures are crucial for attracting and retaining foreign direct investment (FDI). Ghana aims to leverage its domestic market and the African Continental Free Trade Area (AfCFTA) opportunities.
Mrs. Elizabeth Ofosu-Adjare announced these plans at the launch of the 2025 Trade Report by the Ghana Investment Promotion Authority (GIPA). The Minister noted that Ghana attracted about $2.6 billion in foreign direct investment in 2025. This came through more than 250 new projects and assisted companies. She believes this figure understates the actual investment, particularly excluding the value of machinery and reinvestments. Mrs. Ofosu-Adjare cited a $250 million investment secured from a company initially considering another country. She also mentioned a $20 million investment by Zonda, showcasing growing investor confidence.
The passage of this bill is expected to significantly impact Ghana's economic landscape. It will likely lead to increased investment inflows and job creation. Businesses can anticipate a more transparent and less burdensome regulatory framework. Decision-makers and markets will closely watch the bill's progress through Parliament. Its successful implementation could solidify Ghana's position as a leading investment destination in Africa. The GIPA report identified nearly $12 billion in announced and pipeline investments. The government's priority is converting this interest into operational businesses. These businesses will produce goods, create jobs, and generate value within Ghana.