The Nigerian traders said their shops were closed because they were said not to comply with the government policy which requires them to have an initial capital of $300,000 and employ 10 Ghanaians before they can start any business in Ghana regardless of the size of the business.
According to a victim “the authorities in Ghana yesterday closed more than 40 shops belonging to Nigerians and they are still closing more. They closed our shops because they said we did not comply with the government policy that requires every foreigner who wants to start business in Ghana to have an initial capital of $300, 000 and must employ 10 Ghanaians to work with him regardless of the size of the business.
Even if it is just a small restaurant or a barber shop you must employ 10 Ghanaians and show evidence that you have $300,000 before you can start.
