Ghana is set to scrap minimum capital requirements for foreign investors under a revised Ghana Investment Promotion Centre (GIPC) Act.
The move, announced at the Ghana Presidential Investment Forum in Yokohama, Japan, is designed to make the country more accessible to investors of all sizes.
President John Dramani Mahama explained that the reform will allow even small-scale investors to establish businesses in Ghana without meeting steep equity thresholds. "In the reviewed Ghana Investment Promotion Centre Act, we're removing those minimum capital investments.
This will enable any investor, however little money you have, 100,000 dollars, 50,000 dollars, to be able to come in and set up a business in Ghana," he said.
