Ghana Investment Promotion Centre, (GIPC) Act 865
27. ACTIVITIES RESERVED FOR GHANAIANS AND GHANAIAN OWNED
(1) A person who is not a citizen or an enterprise which is not wholly-owned by a citizen shall not invest or participate in—
a. the sale of goods or provision of services in a market, petty trading or hawking or selling
of goods in a stall at any place;
b. the operation of taxi or car hire service in an enterprise that has a fleet of less than
c. the operation of a beauty salon or a barbershop;
d. the printing of recharge scratch cards for the use of subscribers of telecommunication
e. the production of exercise books and other basic stationery;
f. the retail of finished pharmaceutical products;
g. the production, supply and retail of sachet water; and
h. all aspects of pool betting business and lotteries, except football pool
28. ENTERPRISES ELIGIBLE FOR FOREIGN PARTICIPATION AND MINIMUM FOREIGN CAPITAL REQUIREMENT
(1) A person who is not a citizen may participate in an enterprise other than an enterprise specified in section 27 if that person
a. in the case of a joint enterprise with a partner who is a citizen, invests a foreign capital of
not less than two hundred thousand United States dollars in cash or capital goods
relevant to the investment or a combination of both by way of equity participation and the partner who is a citizen does not have less than ten percent equity participation in the
joint enterprise; or
b. where the enterprise is wholly owned by that person, invests a foreign capital of not less
than five hundred thousand United States dollars in cash or capital goods relevant to the
investment or a combination of both by way of equity capital in the enterprise.
(2) A person who is not a citizen may engage in a trading enterprise if that person invests in the
enterprise, not less than one million United States dollars in cash or goods and services
relevant to the investments.
(3) For the purpose of this section, “trading” includes the purchasing and selling of imported
goods and services.
(4) An enterprise referred to in subsection (2) shall employ at least twenty skilled Ghanaians.
(5) The minimum foreign capital requirement of this section shall not apply to the foreign spouse
of a citizen of Ghana to the extent that
a. the foreign spouse is or has been married to a citizen of Ghana for a minimum period of
five years continuously or holds an indefinite resident permit prior to registration of an
b. the marriage has been duly verified as having been validly conducted; and c. the foreign spouse is ordinarily resident in Ghana.
(6) A citizen of Ghana who loses the citizenship by reason of the assumption of the citizenship of another country shall not be required to comply with the minimum capital requirement of this