[vc_row full_width=”stretch_row” pix_particles_check=”” css=”.vc_custom_1648218350020{padding-top: 80px !important;padding-bottom: 80px !important;background-color: #ffffff !important;}”] The GIPC specifically mandates that foreign investors meet a minimum capital requirement. If they form a joint venture with local partners, international investors must have a minimum of USD 200,000, and if they own 100% of an enterprise, they must have a minimum of USD 500,000.
Mr. Yofi Grant, of GIPC, spoke on the topic “Attracting Foreign Investments And Partnerships: The GIPC Advantage” on Friday at the Young Entrepreneurs Summit by Ghana Startup Network. There is an ongoing review of the GIPC Act concerning the $200,000 requirement for businesses. This he believed would encourage foreign investments.
Ghana’s top investment promotion and attraction organization, the Ghana Investment Promotion Centre (GIPC) is under the Office of the president. Its function is to keep Ghana as a top investment destination and make sure that the money invested is secure and rewarding in a constantly shifting economic environment.
GIPC helps in the creation of policies, plans, incentives, and marketing tactics for investment promotion to draw in both domestic and international capital. Also, initiating and promoting actions that would improve the environment for investments in Ghanaian and non-Ghanaian businesses. GIPC exists to encourage investment, and plan and take part in promotional events like exhibits, conferences, and seminars. They gather, compile, analyze, and disseminate data about investment possibilities, sources of cash, and incentives accessible to investors. They also go above and beyond to offer consulting services to investors, among other things.
Source: enterprisebureau.org