Mahama announces removal of foreign investor minimum capital requirement under revised GIPC Act

President John Dramani Mahama has announced that the government will remove minimum capital requirements for foreign investors under a revised Ghana Investment Promotion Centre (GIPC) Act.

Speaking at the Ghana Presidential Investment Forum on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD-9) in Yokohama, Japan, on Tuesday, August 19, 2025, President Mahama said the amendment is aimed at making Ghana more attractive to investors of varying sizes.

“In the reviewed Ghana Investment Promotion Centre Act, we’re removing those minimum capital investments. This will enable any investor, however little money you have, 100,000 dollars, 50,000 dollars, to be able to come in and set up a business in Ghana,” the President stated.

Under the existing law, foreign investors are required to meet a minimum equity contribution before setting up businesses, with higher thresholds for wholly foreign-owned enterprises and trading companies.

The President stated that the reform would ease entry barriers and pave the way for small and medium-scale investors to operate in Ghana.

The announcement comes as Ghana seeks to strengthen its trade and investment ties with Japan.

President Mahama noted that more than 152 million dollars in Japanese investment has been recorded in recent decades, with firms such as Toyota and Honda already assembling vehicles in Ghana for local and regional markets.

He added that the review of the GIPC Act forms part of a broader investment drive by the government, which also includes the 24-hour economic policy and a 10 billion dollar infrastructure programme to support industrialisation, agro-processing, and exports.

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