Ghana to Scrap Minimum Capital Requirement for Foreign Investors in GIPC Act Review
Ghana is set to abolish the minimum capital requirement for foreign investors under a planned review of the Ghana Investment Promotion Centre (GIPC) Act, a move aimed at boosting competitiveness, attracting global capital, and expanding private sector investment.
President John Dramani Mahama made the announcement at the Presidential Investment Forum in Japan, where he assured that Ghana remains open for business and urged Japanese companies to take advantage of the country’s improving macroeconomic conditions.
“We are open for business and working to review the Ghana Investment Promotion Center Act. Some barriers were put to foreign investment… In the reviewed Act, we are removing those minimal capital investments. This will enable any investor, however little money you have, to be able to come in and set up a business in Ghana,” President Mahama said.
He highlighted that the Ghana cedi has been the strongest performing African currency this year, noting that inflation had dropped from nearly 23% in 2024 to 13.7%, with expectations of reaching single digits by year-end. Ghana’s sovereign rating, he added, had also improved from junk status to B- with a stable outlook.
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, described Ghana as a gateway to West Africa, emphasizing the country’s position as a strategic entry point for Japanese firms seeking to leverage opportunities under the African Continental Free Trade Area (AfCFTA).
“Let us therefore move forward with determination, turning today’s dialogue into joint ventures, industrial clusters and supply chains that carry the stamp of both Ghanaian resilience and Japanese excellence,” she said.
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