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 foreign-owned business as well as joint ventures have been scrapped,” she said. She explained that trading enterprises will still require a minimum equity of US$500,000 in cash, as well as a workforce comprising 75% skilled Ghanaian employees. Madam Adjei said GIPA will soon engage stakeholders to explain the key changes introduced under the GIPA Act, 2026 (Act 1173).