GIPC defends removal of capital requirements for foreign businesses to boost Ghana's competitiveness.
Ghana Investment Promotion Centre (GIPC) has defended the removal of capital requirements for foreign businesses, stating that it aims to boost Ghana's competitiveness and attract more investors. GIPC CEO Yofi Grant clarified that the capital requirement was often misunderstood and removed to alleviate constraints for small and medium-sized enterprises (SMEs) and industries (SMIs) engaging in joint ventures. Critics, however, worry about increased competition from foreign businesses.
July 04, 2024
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