Following visit by the Speaker of the House of Representatives, Hon. Femi Gbajabiamila on Thursday to President of Ghana at Jubilee House, the President has suggested he is open to reviewing his country’s $1 million capital base requirement for foreign businesses.
Gbajabiamila was visiting Ghana to make efforts through parliamentary diplomacy to resolve the issues over hostilities against Nigerians living in the West African country. This is after the Federal Government had issued a statement against the Ghanaian government’s treatment of Nigerians. Also criticising the amended Ghana law, that requires foreign-owned businesses to have a minimum capital base of $1 million.
According to a statement signed by House spokesman, Hon. Benjamin Kalu, President Akufo-Addo said the request was in order as it “makes a lot of sense”,
The Ghanaian President, who 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 he additionally suggested the setting up of a joint ministerial committee between the two countries that will “shepherd” issues between Ghana and Nigeria.
“The President of Ghana, Prof. Nana Akufo Ado also has assured the Speaker of Nigeria’s House of Representatives of the readiness of the Ghanaian government to consider the resolutions reached at the ‘Legislative Diplomacy Bilateral Meeting’ between Nigeria and Ghana’s senior legislators on 2nd September 2020, at the Ghanaian Parliament House”, the statement added.
