Ghana has removed the general minimum capital requirement for foreign-owned enterprises and joint ventures, excluding trading businesses. This significant policy shift aims to attract a broader range of foreign direct investment into the country. The Ghana Investment Promotion Authority (GIPA) announced this change to prospective investors in Atlanta, USA, during the Invest Fest 2026 event.
The new Ghana Investment Promotion Authority Act, 2026 (Act 1173), introduces this key reform. Manuela Adu, GIPA's Head of Protocol, explained that the change makes Ghana's investment environment more attractive. It specifically targets investors seeking opportunities beyond traditional trading activities. This move signals Ghana's commitment to fostering a more flexible and welcoming business climate for international capital.
This reform fits into Ghana's broader economic strategy to boost foreign direct investment (FDI) and diversify its economy. Ghana secured US$2.6 billion in FDI in 2025, according to a GIPC report. The new Act 1173 builds on previous efforts to streamline investment processes and enhance investor confidence. It also positions Ghana as a strategic hub for accessing the wider African market through the African Continental Free Trade Area (AfCFTA).
Manuela Adu, speaking on behalf of GIPA Chief Executive Officer Simon Madjie, highlighted the specific requirements for trading enterprises. A non-citizen establishing a trading enterprise must still invest a minimum of US$500,000 in cash as equity capital. Additionally, at least 75 percent of the workforce in such enterprises must comprise skilled Ghanaians. These specific rules aim to protect local participation in the retail sector.
The removal of the general minimum capital requirement will likely encourage more diverse investments, particularly in manufacturing, technology, and services. Investors will find it easier to establish businesses without the previous financial entry barrier. This could lead to increased job creation and technology transfer, benefiting Ghana's economic development. Decision-makers will monitor the inflow of new investments and their impact on various sectors.
GIPA also showcased its 24-hour service for investment registrations, renewals, and quota applications. This service aims to provide timely support to investors navigating Ghana's business landscape. The Authority's delegation, including Principal Investment Promotion Officers Christopher Sedor and Bridget Odei, engaged investors directly. They provided information on Ghana's regulatory framework and available support services.
The engagement in Atlanta forms part of GIPA's wider strategy to promote Ghana as a prime investment destination. The Authority used the Ghana Pavilion at Invest Fest to connect prospective investors with opportunities. GIPA remains committed to guiding investors through the process of establishing or expanding businesses in Ghana. This proactive approach underscores Ghana's ambition to become a leading investment hub in Africa. The new Act 1173 is a crucial step in achieving this goal.
The reforms are expected to enhance Ghana's competitiveness in attracting global capital. By reducing barriers, Ghana aims to draw investments that align with its long-term development objectives. The focus on non-trading enterprises signals a strategic shift towards higher-value economic activities. This move will be closely watched by international financial institutions and potential investors. Ghana's commitment to investor-friendly policies is now clearer than ever.
The GIPA delegation facilitated connections between interested investors and relevant institutions. This ensures follow-up discussions and potential investment opportunities in Ghana. The Authority's efforts demonstrate a comprehensive approach to investor attraction and retention. This includes both policy reforms and practical support services. The new investment regime is a testament to Ghana's dedication to economic growth and diversification.