Ghana Classifies ECOWAS Citizens as Expatriates

[Com. Oz]

Citizens from the Economic Community of West African States (ECOWAS) are to brace up for more hurdles as the Ghanaian government has wielded the big stick by classifying them as expatriates under new investment laws. This was made known by the Ghana Investment Promotion Council (GIPC). The GIPC has reviewed all the country's rules and regulations concerning foreign investment laws, which classified ECOWAS citizens desirous of working in their country as expatriates. Under the new move, GIPC is seeking to review foreign investment laws in the country ranging from $300,000 to $1million as minimum capital requirement as precondition for any foreign investor to do business in Ghana. What this means is that Nigerians and other ECOWAS citizens who go to work and do business in Ghana will have time limit attached to their stay. They will also come under quota restrictions and will have to renew their status at the expiration of their permits. This is against the ECOWAS protocol which allows free entry and exit for West African citizens.

[Pendragon]

Fine, So they think they've reached the top and dont need foreign investors? Well soon they'll be doomed when these decisions boomerang on them.