Ghana to Scrap Minimum Capital Requirement for Foreign Investors

Ghana plans to eliminate the minimum capital requirement for foreign investors as part of upcoming reforms to the Ghana Investment Promotion Centre (GIPC) Act. The move is aimed at enhancing the country’s competitiveness, attracting more international capital, and accelerating private sector-driven job creation.

President John Dramani Mahama disclosed the policy shift at the Presidential Investment Forum in Japan, where he promoted Ghana as a stable and attractive investment hub. He explained that under the revised Act, foreign investors will no longer need to show proof of a specific minimum capital before establishing businesses in Ghana.

“In the new GIPC framework, those capital restrictions will be removed, allowing any investor—regardless of scale—to set up operations in Ghana,” he said.

Highlighting improved macroeconomic indicators, Mahama pointed to the cedi’s strong performance, falling inflation from 23% in 2024 to 13.7%, and Ghana’s recent credit rating upgrade from junk status to B- with a stable outlook.

Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare added that Ghana remains the ideal entry point for Japanese businesses seeking to expand into West Africa and leverage the African Continental Free Trade Area (AfCFTA). She urged investors to transform ongoing dialogues into joint ventures, industrial hubs, and supply chains showcasing both Ghanaian resilience and Japanese innovation.