President John Dramani Mahama has announced that Ghana will eliminate the minimum capital requirement for foreign investors, a reform he says will make the country more open and competitive for global business.
The decision forms part of a planned review of the Ghana Investment Promotion Centre (GIPC) Act and is expected to lower barriers to entry, attract fresh capital, and create more jobs.
Making the announcement in Tokyo at the Presidential Investment Forum, held alongside the 9th Tokyo International Conference on African Development (TICAD IX), President Mahama assured potential investors of Ghana’s commitment to providing a welcoming business climate.
“In the reviewed Ghana Investment Promotion Centre Act, we are removing those minimal 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 explained.
Previously, foreign businesses were required to prove they had invested a significant amount before they could be recognized as investors, a rule critics said limited smaller but potentially impactful ventures.
The President also emphasized Ghana’s improving macroeconomic conditions as proof that the country is on a path of recovery. He cited a decline in inflation, a more stable cedi, and recent sovereign credit rating upgrades.
“Inflation rose to almost 23 % in 2024 and is now down to 13.7%. We expect to hit single digits by the end of the year. Our cedi has stabilized, and Ghana has been upgraded from junk status to B minus with a stable outlook,” Mahama said.
The reforms, according to the government, are part of broader efforts to restore investor confidence, grow the private sector, and sustain economic momentum.
