With a stable political environment and forward looking investment climate, Ghana is prime location for investors, who may wish to tap the country's abundant natural resources, exploit market opportunities in Ghana and also within the larger Economic Community of West African States (ECOWAS).
Among the factors responsible for this trend has been the adoption and implementation of sound macroeconomic policies and the enactment of more liberal investment legislations. These legislations seek to free the investor from bureaucratic constraints and provide facilitating mechanisms to reduce costs associated with delays in implementing projects. One such legislation is the Ghana Investment Promotion Centre Act, 1994 (ACT 478), which re-established the Ghana Investment Promotion Centre (GIPC) as an autonomous government agency mandated to encourage, facilitate and promote domestic and foreign investment.
- Petroleum Business - by Ghana National Petroleum Corporation
- Minerals and Mining Business - by Minerals Commission
- Portfolio Investments - by the Ghana Stock Exchange
- Free Zones Activities - by the Ghana Free Zones Board
- US$10,000 for Joint Ventures with Ghanaian partner
- US$50,000 for 100% Foreign Ownership
- US$300,000 for Trading Activity
- One quota for US$10,000 - US$100,000 paid-up capital
- Two quotas for US$100,00 - US$500,000 paid-up capital
- Four quotas for US$500,000 plus paid-up capital
- Corporate tax - 8% on export income, 25% for hotels and 35% for others
- Locational incentive - 25-50% tax rebates
- Tax holidays - indefinite for cocoa farming, 3-10 years depending on sector; 10 years for Free Zones with 8% corporate tax thereafter
- Tariff exemption - 100% duty exemption for production equipment
- Constitutional provision
- Investment laws which guarantee 100% transfer of profits, dividend etc.
- MIGA membership
- Investment Promotion
- Stable Multi-party government
- Demonstrated commitment to market liberalization
- MIGA membership
- Investment Promotion
- Ongoing privatization in key economic sectors
- Expanding stock market
- Competitive labour force
- Export free zones where goods traded with other countries are exempt from customs and laws
- Immediate access to all markets of the Economic Community of West African States (ECOWAS)
- Quota-free access to U. S. A. and European Union markets
- Member of the World Trade Organization
- Official language English
- For information on investment opportunities, registration of projects involving foreign participation, and general investment:
The Chief Executive
Ghana Investment Promotion Centre
P.O. Box M193
ACCRATel: 233-21 665125-9
Fax: 233-21-663801
E-mail: gipc@ghana.com
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