The Nigeria government has started meeting with the Government of Ghana over its requirement of $300,000 capital base for Nigeria business investments in Ghana. There are indications there would be a positive outcome.
The Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Martin Uhomoibhi made this disclosure while briefing newsmen in Abuja yesterday. The $300,000 requirement had generated a national uproar as there were allegations that it was being enforced to get rid of many Nigerian businesses making waves in Ghana.
The permanent secretary noted that Ghana like Nigeria, is a signatory to the ECOWAS Protocol on the free movement of goods and services within the sub-region.
He said “What we have seen at this time is a remarkable degree of understanding and empathy and sympathy with all strands of argument and the willingness by both sides to promote what is best for the sub-region, what is best for the continent and what is best for the two countries,” he said