Ghana’s President, John Dramani Mahama has announced that bottlenecks that hindered foreign investors from bringing their money to Ghana have been removed.
According to him, Ghana is now ready and open to all forms of investments, considering the fact that Ghana is currently witnessing growth and improvement in its economy.
The president made this known when he was speaking at the Ghana Presidential Investment Forum at TICAD-9 in Yokohama, Japan, where he showcased Ghana’s investment opportunities to global partners.
He indicated that the country is currently reviewing the Ghana Investment Promotion Centre Act, which had certain barriers.
To him, this review will do away with all bottlenecks and make it easier for all investors to come into the country to set up their businesses.
“Simon and co. are busy at work reviewing the Ghana Investment Promotion Centre Act. Some barriers were put on foreign investments. You had to prove that you had brought in a certain amount of money to be classified as a foreign investor, but in the reviewed Ghana Investment Promotion Centre Act, we are removing those minimal capital investments. This will enable any investor, however little money you have—$100,000 or $50,000—to be able to come in and set up a business in Ghana,” he stated.
