- Ghana plans to remove minimum capital requirement for foreign investors
- Revised GIPC Act aims to attract global investors and boost job creation
- Inflation drops from 23% to 13.7%; cedi shows strongest performance in Africa
Ghana is preparing to eliminate the minimum capital requirement for foreign investors as part of proposed amendments to the Ghana Investment Promotion Centre (GIPC) Act. The move aims to make Ghana more attractive to international investors by reducing entry barriers and encouraging private sector growth.
The announcement was made by former President John Dramani Mahama during the Presidential Investment Forum in Japan, where he presented Ghana as a stable and investment-friendly economy with improving macroeconomic indicators.
“We are open for business and actively reviewing the GIPC Act. Previously, foreign investors had to meet a minimum capital threshold to qualify. In the revised Act, we’re removing that requirement to allow any investor—regardless of financial size—to establish a business in Ghana,” Mahama stated.
He highlighted the Ghanaian cedi’s strong performance, noting it was the best-performing currency in Africa this year. Inflation, he added, had dropped from nearly 23% in 2024 to 13.7%, with expectations of single-digit inflation by year-end. Ghana’s credit rating had also improved from junk status to B- with a stable outlook.
Mahama pointed to the presence of Japanese companies already operating in Ghana as evidence of growing investor confidence and urged more Japanese firms to seize the opportunities in Ghana’s expanding economy.
Joining him, Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, described Ghana as a strategic gateway to West Africa and a key player in the African Continental Free Trade Area (AfCFTA).
“Let’s turn today’s dialogue into concrete partnerships—joint ventures, industrial clusters, and supply chains that reflect both Ghanaian resilience and Japanese excellence,” she encouraged.
