Hassan Ayariga, Founder and Leader of the All People’s Congress (APC), has warned that Ghana is gradually losing economic control to foreign investors, describing the trend as a form of takeover rather than genuine investment.

Speaking on The Pulse on March 6, Ayariga acknowledged that foreign investment can contribute to national development but cautioned that increasing foreign dominance in key sectors such as housing, banking and major businesses could undermine Ghana’s economic sovereignty.

Concerns about foreign ownership

According to him, the growing acquisition of land, businesses and properties by foreign nationals could weaken local control of the economy.

He suggested that if he were elected president, strict limits would be placed on foreign ownership of property in Ghana.

“If I am president, I don’t want any foreigner to own property. You can invest your money, yes, but when you’re buying almost everything — land, businesses, companies — you’re losing control,” he stated.

Warning over political influence

Ayariga also expressed concern that foreign investors may eventually gain political influence within the country.

He argued that foreigners establishing families and long-term structures in Ghana could, over time, position their descendants to participate in national politics, including parliamentary and presidential contests.

According to him, this could present both economic and political risks if not carefully regulated.

Call for balanced investment policies

The APC leader stressed that sectors such as banking, commerce and housing are increasingly seeing foreign participation that may disadvantage indigenous Ghanaians.

He urged policymakers to ensure that foreign investment supports national development while protecting local ownership and participation in the economy.

“We must protect Ghanaian interests while welcoming investment that genuinely benefits our people. Otherwise, we risk losing both our economy and our future,” he cautioned.