President John Dramani Mahama has announced that Ghana will abolish the minimum capital requirement for foreign investors as part of reforms to the Ghana Investment Promotion Centre (GIPC) Act. The move, he said, is designed to make Ghana a more open, competitive, and attractive destination for global investment.
Speaking at the Presidential Investment Forum on the sidelines of the 9th Tokyo International Conference on African Development (TICAD IX) in Tokyo, President Mahama explained that the reform will lower entry barriers and expand opportunities for private sector growth and job creation.
“We are open for business and reviewing the Ghana Investment Promotion Centre Act,” he said. “Previously, investors had to show proof of a minimum capital injection to qualify. In the revised Act, we are scrapping that requirement, so whether you have $100,000 or $50,000, you can come and set up a business in Ghana.”
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Improving Economic Outlook
President Mahama pointed to Ghana’s improving macroeconomic indicators as proof of recovery and renewed investor confidence. He highlighted:
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Inflation dropping from a peak of almost 23% in 2024 to 13.7%, with expectations of single-digit rates by year-end.
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A stable cedi.
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A sovereign credit upgrade from junk status to B- with a stable outlook, with further improvements anticipated.
“We are re-establishing macro stability and growth momentum,” he noted.
Opportunities for Japanese Investors
Mahama encouraged Japanese companies to expand their footprint in Ghana, particularly in automobile assembly, agribusiness, manufacturing, energy, and digital services. He emphasized that several Japanese firms are already thriving in the Ghanaian market, underscoring the country’s strong potential under the African Continental Free Trade Area (AfCFTA).
Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, also addressed the forum, describing Ghana as a natural gateway to West Africa.
“Let us move forward with determination, turning today’s dialogue into joint ventures, industrial clusters, and supply chains that reflect both Ghanaian resilience and Japanese excellence,” she said.
Story By: Afia Ohenewaa Akyerem