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Review law on $1m business capital, Gbajabiamila tells Ghana

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The Speaker of the House of Representatives, Femi Gbajabiamila, has called on Ghanaian authorities to revisit the component of the law that requires a capital base of $1m for foreigners to start busin

ess in the country, saying as Africans, Ghana should encourage brotherliness.

The statement was titled, ‘Gbajabiamila urges Ghana to revisit law on $1m business capital, seeks bilateral trade law between the two countries, advocates application of ECOWAS protocols’. The Speaker also said he would be glad to champion a law to improve bilateral trade relations between Nigeria and Ghana, noting that citizens of the two countries remained brothers and sisters.

“The prospect of being able to raise a capital base of $1m before they can trade in goods that may be worth less than $1,000 clearly is a major challenge.”

 

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