Friday, July 26, 2013

Ghana making changes to investment law to protect local businesses

Law makers in Ghana have revised investment laws to rectify the abuse of sectors reserved for citizens of Ghana by foreign investors, particularly in the retail and trading sectors.

The bill, when given presidential assent, will increase the minimum capital requirement of foreigners to engage in retail trade from US$300,000 to US$1 million in cash or goods in Ghana.

The Ghana Investment promotion Center (GIPC), the body responsible for the encouragement and promotion of investments

More details here...

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