Ghana scraps entry barrier for foreign investors

Ghana is set to eliminate the minimum capital requirement for foreign investors as part of a major review of the Ghana Investment Promotion Centre (GIPC) Act, a bold move aimed at making the country more competitive on the global investment stage.

The announcement was made by President John Dramani Mahama during the Presidential Investment Forum in Japan, where he pitched Ghana as a stable, business-friendly economy with strong growth potential.

“We are reviewing the GIPC Act to remove barriers that limit foreign participation. Previously, investors had to prove they brought in a minimum amount of capital. We’re scrapping that no matter how small your investment, you’ll be welcome to do business in Ghana,” he said.

The reform is designed to lower entry barriers, attract a wider range of investors, and drive private sector-led growth and job creation.

President Mahama pointed to improving economic indicators, including a drop in inflation from nearly 23% in 2024 to 13.7%, with a target of single digits by year-end.

He also highlighted the Ghana cedi’s strong performance, currently the best-performing African currency and Ghana’s recent sovereign credit rating upgrade to B– with a stable outlook.

“We’re regaining macroeconomic stability and restoring investor confidence. Now is the time to invest in Ghana.”

On the sidelines, Trade and Industry Minister Elizabeth Ofosu-Adjare emphasised Ghana’s position as a gateway to West Africa and a strategic hub under the African Continental Free Trade Area (AfCFTA).

“Let’s turn this dialogue into real partnerships, joint ventures, supply chains, and industrial clusters that combine Ghanaian resilience with Japanese innovation.”