The Canada-Ghana Chamber of Commerce (CANCHAM) has welcomed the government’s plans to scrap the minimum capital requirement for foreign investors under the Ghana Investment Promotion Centre (GIPC) Act.

The Executive Secretary of the Chamber, Edwina Atta-Sonno, said removing the threshold would help lower entry barriers for investors and position Ghana as a more attractive destination for foreign capital.

The government has also reaffirmed its commitment to fiscal stability and private sector growth as part of efforts to sustain the country’s economic rebound.

The Chief of Staff at the Office of the President, Julius Debrah, stressed that the administration would maintain strict fiscal discipline while channeling investments into critical growth sectors.

Speaking at the 2025 CEO Connect Summit, organised by the Canada-Ghana Chamber of Commerce, Mr. Debrah emphasised that these measures are essential to protecting growth momentum and strengthening Ghana’s competitiveness in regional and global markets.

“Our government continues to prioritise trade facilitation and infrastructure to ease the movement of goods and services across borders, macroeconomic stability, and reforms to ensure that Ghana remains a safe and attractive investment destination,” he stated.

The government’s digital transformation agenda also featured prominently at the summit.

The Deputy Minister for Communication, Digital Technology, and Innovation, Mohammed Adam Sukparu, highlighted the pivotal role of technology in advancing Africa’s economic integration under the African Continental Free Trade Area (AfCFTA).

He stressed that in today’s global economy, digital platforms are not optional but essential for competitiveness and long-term resilience.