Finance and Economics Professor, Godfred Bokpin, has advised the government to exercise caution in its plans to eliminate the minimum capital requirement for foreign investors.
Speaking at a Prudential Bank customer seminar focused on sustaining the recent appreciation of the Ghanaian cedi, Prof. Bokpin acknowledged the potential benefits of attracting increased foreign investment. However, he emphasized that removing the capital threshold without adequate safeguards could negatively impact local businesses, especially small and medium-sized enterprises (SMEs).
“The minimum capital requirement under the GIPC Act acts as a protective buffer for indigenous enterprises. Eliminating it without a clear and strategic framework could open the door to foreign dominance in sensitive sectors like retail,” he stated.
Prof. Bokpin stressed the importance of adopting a balanced approach—one that encourages foreign investment while simultaneously protecting the competitiveness and sustainability of local industries.
He warned that poorly executed reforms could undermine the SME sector, reduce job creation, and pose long-term risks to Ghana’s economic resilience.
“If we don’t manage this well, it could have serious consequences for our small businesses,” he concluded.
Source: theghanareport
.jpeg)
.jpeg)
.jpeg)
.jpeg)
.jpeg)
No comments:
Post a Comment