
Wrong Time to Be Protectionist
by Obolobo
It’s official: Ghana is becoming protectionist. In 2011, when I came to start my business, the business environment in Ghana was friendly. There were three main types of businesses a foreigner could start: A joint venture involving a foreigner and a Ghanaian where the Ghanaian owned 10 percent of the shares outstanding required $10,000 in stated capital A wholly owned foreign company with 100 percent foreign ownership required $50,000 in stated capital invested in Ghana A trading company involved in […]
Categories: Entrepreneurship, Ghana's Economy • Tags: Falling cedi, GIPC, Protectionism