JOYBUSINESS has learnt foreign businesses coming into the country could soon be required to cede 30 percent of their enterprise to Ghanaians.

Existing ones would also be required to give up part of their interest to locals over a period of time.

These form part of proposals in the revised Investment Act currently being considered by cabinet.

The laws is part of a broad indigenization policy been worked on by managers of the economy.

It also part of efforts to ensure that indigenes can share in the profits foreign firms generate from their local operations.

 

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