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    Home»Business»Canada-Ghana Chamber welcomes move to scrap minimum capital requirement for foreign investors
    Business

    Canada-Ghana Chamber welcomes move to scrap minimum capital requirement for foreign investors

    ZamZam UpdateBy ZamZam UpdateAugust 22, 2025No Comments2 Mins Read
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    The Canada-Ghana Chamber of Commerce (CANCHAM) has welcomed the federal government’s plans to scrap the minimal capital requirement for overseas traders below the Ghana Funding Promotion Centre (GIPC) Act.

    The Govt Secretary of the Chamber, Edwina Atta-Sonno, mentioned eradicating the edge would assist decrease entry obstacles for traders and place Ghana as a extra engaging vacation spot for overseas capital.

    The federal government has additionally reaffirmed its dedication to fiscal stability and personal sector progress as a part of efforts to maintain the nation’s financial rebound.

    The Chief of Employees on the Workplace of the President, Julius Debrah, pressured that the administration would keep strict fiscal self-discipline whereas channeling investments into crucial progress sectors.

    Talking on the 2025 CEO Join Summit, organised by the Canada-Ghana Chamber of Commerce, Mr. Debrah emphasised that these measures are important to defending progress momentum and strengthening Ghana’s competitiveness in regional and world markets.

    “Our authorities continues to prioritise commerce facilitation and infrastructure to ease the motion of products and companies throughout borders, macroeconomic stability, and reforms to make sure that Ghana stays a secure and engaging funding vacation spot,” he said.

    The federal government’s digital transformation agenda additionally featured prominently on the summit.

    The Deputy Minister for Communication, Digital Know-how, and Innovation, Mohammed Adam Sukparu, highlighted the pivotal position of know-how in advancing Africa’s financial integration below the African Continental Free Commerce Space (AfCFTA).

    He pressured that in at the moment’s world economic system, digital platforms aren’t elective however important for competitiveness and long-term resilience.

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