Latest / IMI Podcasts / Ghana Presidential Candidate Proposes $50,000 CIP

Transcript

Ghana Presidential Candidate Proposes $50,000 CIP · IMI Podcasts

• 0:00
  SPEAKER_00: Independent presidential candidate Nanaquame Bediako has unveiled a plan to raise$50 billion by offering Ghanaian citizenship to investors of African descent.
• 0:09
  SPEAKER_00: The proposal, part of Bediako's campaign manifesto launched on September 1st, 2024, aims to attract 1 million Africans to invest$50,000 each in exchange for a Ghanaian passport.
• 0:22
  SPEAKER_00: Bediako, also known as Cheddar, presented this strategy as part of his 12-point vision for Ghana.
• 0:28
  SPEAKER_00: He envisions a collaboration between the Ministry of Foreign Affairs and the Ministry of Interior to empower the immigration services of this country and create the citizenship package to monetize Ghanaian citizenship only for Africans.
• 0:42
  SPEAKER_00: The plan targets both diaspora Africans and citizens of other African nations.
• 0:47
  SPEAKER_00: Investors could invest in various sectors of the Ghanaian economy, including gold, oil, and agroprocessing.
• 0:53
  SPEAKER_00: Bediako views this initiative as a step towards African unification, marking the beginning of his Project USA, United States of Africa.
• 1:02
  SPEAKER_00: He believes this approach will welcome Africans through Ghana's borders while encouraging investment in the country.
• 1:08
  SPEAKER_00: Ghana's passport ranks 70th worldwide, providing visa-free access to 68 destinations.
• 1:13
  SPEAKER_00: As a member of the economic community of West African States, also known as ECOWAS, Ghana already participates in a regional free movement protocol, potentially enhancing the appeal of Ghanaian citizenship to investors from outside the bloc.
• 1:28
  SPEAKER_00: Bediako sees this proposal as more than a financial strategy.
• 1:32
  SPEAKER_00: He envisions initiating a borderless continent where trade and investment will flourish, with neighboring countries joining the initiative.
• 1:40
  SPEAKER_00: The candidate hinted at a phase two, inviting a broader group of people of African descent to invest, though he did not provide specific details.
• 1:48
  SPEAKER_00: Bediako, who entered politics under the New Force Movement Banner, faces challenges in his presidential bid.
• 1:55
  SPEAKER_00: While he has secured a provisional certificate from the Electoral Commission, he lacks full party registration.
• 2:01
  SPEAKER_00: As a result, he plans to run as an independent candidate in the December 7, 2024 election.
• 2:08
  SPEAKER_00: As Ghana approaches this election, Beriako's proposal adds a new element to discussions on economic development and Pan-African cooperation.
• 2:17
  SPEAKER_00: This episode first appeared as an article by Amada Bas on IMIDaily.com.
• 2:22
  SPEAKER_00: Subscribe for free to the IMI newsletter for breaking news and updates from the investment migration industry.
• 2:28
  SPEAKER_00: And upgrade your membership to IMI Pro to get access to our exclusive professional community, insider data, private briefings, and members only content.