GIPC warns against ‘fronting’ for foreign investors, threatens legal action

 The Ghana Investment Promotion Centre has cautioned members of the public against fronting business registrations for foreign investors, warning that violators will be prosecuted.

The warning was issued at a capacity-building workshop organized by Transparency International Ghana in partnership with GIPC.

 The event, held at True Vine Hotel on Tuesday, May 26, 2026, trained journalists on Ghana’s investment laws and how to promote transparency and accountability in the sector.

Speaking at the workshop, Deputy Director of GIPC, Michael Okyere, said the Centre is intensifying public education on the GIPC Act, 2013, Act 865, with particular focus on Sections 27 and 28 which prohibit fronting.

“Fronting is illegal and it undermines the integrity of our investment space. Anyone found engaging in this practice will be handed over to the appropriate authorities to face the full rigours of the law,” Mr. Okyere stressed.

He explained that fronting not only robs Ghanaians of real opportunities but also discourages genuine investors who expect a fair and transparent system.

Also addressing participants, Head of Finance at Transparency International Ghana, Mr. Benedict Doh, said the workshop was designed to equip journalists with the tools to hold duty-bearers accountable.

“The media has a critical role to play in promoting transparency within Ghana’s investment regime. When journalists understand the laws and expose infractions, it builds investor confidence and attracts more responsible investors into the country,” Mr. Doh noted.

GIPC and Transparency International Ghana say they will continue such engagements to deepen public awareness and protect the integrity of Ghana’s investment environment.

Source: Ghana/otecfmghana.com/Jacob Agyenim Boateng