President John Mahama has announced that his government is reviewing the Ghana Investment Promotion Centre (GIPC) Act to eliminate the minimum capital requirement for foreign investors.

Speaking during an engagement with Japanese business owners, the President said the reform is aimed at making it easier for investors of all sizes to establish and grow businesses in Ghana.

“Whether you’re bringing in $50,000 or $100,000, you can set up and grow your business in Ghana,” he assured.

He explained that the move forms part of broader efforts to create a more open and business-friendly environment, while positioning Ghana as a competitive investment destination in Africa.

The reform is expected to encourage increased foreign participation across sectors such as manufacturing, agribusiness, energy, and digital innovation.