John Dramani Mahama is President of Ghana
President John Dramani Mahama has announced that Ghana is set to abolish the minimum capital requirement for foreign investors under a planned review of the Ghana Investment Promotion Centre (GIPC) Act.
According to him, the measure is intended to boost Ghana’s competitiveness as an investment hub by lowering entry barriers to attract more foreign direct investment (FDI) and capital.
Speaking at the Presidential Investment Forum in Japan on August 20, 2025, President Mahama reaffirmed Ghana’s commitment to being open for business and urged more Japanese companies to explore diverse trade opportunities in the country.
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“We are open for business and working to review the Ghana Investment Promotion Centre Act. Some barriers were placed on foreign investment. You had to prove that you had brought in a certain amount of money to be classified as a foreign investor. In the reviewed Act, we are removing those minimum capital requirements. This will enable any investor, regardless of how little capital you have, to come in and set up a business in Ghana,” he said.
For her part, the Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, described Ghana as the gateway to West Africa, stressing the country’s potential as a strategic entry point for Japanese firms under the African Continental Free Trade Area (AfCFTA).
“Let us therefore move forward with determination, turning today’s dialogue into joint ventures, industrial clusters, and supply chains that carry the stamp of both Ghanaian resilience and Japanese excellence,” she added.
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