{
  "id": 594027,
  "title": "GIPA scraps minimum capital requirement for foreign-owned businesses",
  "url": "https://urgent.news/2026/08/11/gipa-scraps-minimum-capital-requirement-for-foreign-owned-businesses-594027",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-11T18:08:59.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/gipa-scraps-minimum-capital-requirement-for-foreign-owned-businesses/"
  },
  "original_language": "en",
  "account": "The Ghana Investment Promotion Authority (GIPA) has announced significant changes under the GIPA Act, 2026 (Act 1173), eliminating minimum capital requirements for foreign-owned businesses and joint ventures, with the exception of trading enterprises. Principal Investment Promotion Officer, Vera Adjei, stated that trading enterprises must still meet a minimum equity of US$500,000 in cash and employ 75% skilled Ghanaian workers. During a panel discussion on \"Networking for Ghana within a 24-Hour Economy\" at the International Chamber of Commerce Ghana CEO Breakfast Meeting, Adjei noted that the revised law establishes a One Stop Shop and an Investor Grievance Mechanism to streamline the investment process and offer avenues for addressing concerns. Negative list activities, or those reserved exclusively for Ghanaians, remain unchanged. Additionally, GIPA introduced a new provision for citizenship by investment, which will be implemented in collaboration with the Ministry of the Interior. Adjei warned that leasing or subletting shops to foreigners is still illegal and punishable by a fine of between 2,000 and 4,000 penalty units, currently valued at GH¢12. GIPA will also have the authority to impose administrative penalties on enterprises that persistently violate the Act. The authority plans to engage stakeholders to explain the key changes under the GIPA Act, 2026 (Act 1173).",
  "summary": "The Ghana Investment Promotion Authority (GIPA) has announced major changes under the GIPA Act, 2026 (Act 1173), including the removal of minimum capital requirements for wholly foreign-owned businesses and joint ventures. Principal Investment Promotion Officer at GIPA, Vera Adjei, said the requirement has been scrapped, except for trading enterprises. “The minimum capital requirements for wholly…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}