GIPA scraps minimum capital requirement for foreign-owned businesses

The Ghana Investment Promotion Authority (GIPA) has announced major changes under the GIPA Act, 2026 (Act 1173), including the removal of minimum capital requirements for wholly foreign-owned businesses and joint ventures. Principal Investment Promotion Officer at GIPA, Vera Adjei, said the requirement has been scrapped, except for trading enterprises. “The minimum capital requirements for wholly…