President John Dramani Mahama has announced the abolishment of the minimum capital requirement for foreign investors under an upcoming review of the Ghana Investment Promotion Centre (GIPC) Act.
The move, unveiled at the Ghana Presidential Investment Forum in Japan, is aimed at making Ghana a more attractive destination for global capital by reducing entry barriers and enhancing competitiveness.
The president emphasized that the reform reflects his government’s commitment to creating an open and investor-friendly economy.
Addressing participants on the sidelines of the 9th Tokyo International Conference on African Development (TICAD-9), President Mahama described Ghana as a stable market with a strong outlook.
He highlighted ongoing macroeconomic improvements and positioned Ghana as a gateway to West Africa, assuring potential investors that the country remains safe and ready for business.
He called on Japanese companies to explore opportunities in sectors such as energy, agriculture, and manufacturing.
President Mahama further declared that the Ghanaian cedi is the best-performing currency in the world this year, crediting reforms that have restored macroeconomic stability and strengthened investor confidence.
He urged Japanese firms to take advantage of Ghana’s policy reforms and growing stability to expand their investments, reaffirming that his administration will continue to pursue bold measures to secure the country’s place as a leading African investment hub.
