By Celestine Avi
Speaking at the Presidential Investment Forum on the sidelines of TICAD 9 in Yokohama, President John Dramani Mahama announced sweeping reforms aimed at making Ghana one of the most attractive investment destinations in Africa.
Addressing Japanese businessmen and investors, he said the government has reviewed the Ghana Investment Promotion Centre (GIPC) Act to eliminate barriers that previously discouraged small and medium-scale investors.
“We have removed the high capital requirements that made it difficult for smaller investors to enter our market,” President Mahama stated. “Instead of millions of dollars upfront, investors can now start businesses in Ghana with between $50,000 and $100,000. This will encourage more partnerships, broaden our investment base, and boost entrepreneurship across sectors.”
He emphasized the government’s renewed focus on efficiency and speed in business facilitation. “Investment approvals that once took several months will now be completed within 24 hours. This is our clear signal to the global business community that Ghana is open for business,” he told the gathering.
President Mahama further noted that the reforms will not only attract fresh capital inflows but also spur job creation, enhance technology transfer, and expand opportunities under the African Continental Free Trade Area (AfCFTA).
“These measures are part of our broader vision to reset Ghana’s economy and make it the hub of investment in Africa,” he added.
