Ghanaian President, Professor Nana Akufo-Addo after a meeting with the Speaker of the House of Representatives, Hon. Femi Gbajabiamila on Thursday, September 3, 2020 said that he is open to reviewing his country’s $1m capital base requirement for foreign businesses.
This was disclosed in a statement by Nigeria’s House of Representatives on Friday, September 4, 2020.
At the meeting with the Ghanaian President, Femi Gbajabiamila asked for a review of the law, according to a statement signed by House spokesman, Hon. Benjamin Kalu.
In response, President Akufo-Addo said the request was in order as it “makes a lot of sense”, the statement said.
Gbajabiamila was visiting Ghana on a “legislative diplomacy” over hostilities against Nigerians living in the West African country.
The Ghanaian President expressed satisfaction with Gbajabiamila’s visit, endorsed his proposal for the establishment of a ‘Nigeria-Ghana Business Council’ established by law in both countries, and additionally suggested the setting up of a joint ministerial committee between the two countries that will “shepherd” issues between Ghana and Nigeria.