Ghana is preparing a major overhaul of its investment laws by scrapping the minimum capital requirement for foreign investors under the Ghana Investment Promotion Centre (GIPC) Act.
President John Dramani Mahama made the announcement at the Presidential Investment Forum in Japan, where he invited Japanese businesses to take advantage of Ghana’s stable economic outlook and growing market.
He explained that the reform is aimed at removing barriers that have long discouraged small and medium-scale foreign entrants from setting up in Ghana.
Under the new framework, investors will no longer be required to prove a fixed minimum amount of capital to operate, a condition that previously restricted participation to only large investors.
“We’re open for business,” President Mahama assured. “In the reviewed Ghana Investment Promotion Center Act, we’re removing those minimal capital investments. This will enable any investor, however little money you have, $100,000, $50,000, to be able to come in and set up a business in Ghana.”
The President also highlighted Ghana’s recent economic progress, noting a sharp drop in inflation from nearly 23% in 2024 to 13.7% this year, with expectations of reaching single digits by year-end.
He further emphasized the cedi’s performance, pointing out that Ghana’s currency, once tagged as Africa’s most volatile, has now emerged as the world’s best-performing currency in 2025.
“For those of you who know the history of the Ghanaian cedi, it’s been one of the most volatile currencies in Africa. And a few years back, we were said to be the worst performing currency.I’m happy to announce that this year Ghana’s cedi has been the best performing currency in the world,” he said.
“And as Simon said, we’ve been upgraded from junk status to B minus with a stable outlook. And I’m certain that in the next review. We’re going to be upgraded again.”
The President said the reforms are part of Ghana’s broader strategy to re-establish macroeconomic stability, accelerate growth, and create a more investor-friendly environment.
