Investment climate in Ghana

Ghana has over the years attracted the attention of well-known international businesses, investing in major sectors of its economy. It has strong of investments in agriculture and agro-processing while financial services and telecommunications sectors are fast growing.

The location of Ghana, coupled with the relative political stability makes it a gateway for regional trade and investments into the West African sub region.

This has led to improved macroeconomic performance and created a favorable environment for business. These reforms have been characterized by reduction in inflation, fairly stable exchange rates, relatively low interest rates and economic growth.

Regulatory Framework

Ghana Investment Promotion Centre 

The Investment Promotion Centre of Ghana is responsible for identifying and promoting potential investment areas in the country.

The Companies Act, 1963 (Act 179)

This Act gives guidelines to follow when opening a company in Ghana.

Other important and relevant laws to operate a business in Ghana include;

  • Ghana Free Zones Act, 1995 (Act 505)
  • The Internal Revenue Act, 2000 (Act 592)
  • Fisheries Act, 2002 (Act 625)
  • Forestry Commission Act, 1999 (Act 571)
  • National Communications Authority Act, 1996 (Act 542)
  • Petroleum (Exploration & Production) Law, 1984 (PNDCL 84)
  • The Minerals Commission Act, 1993 (Act 450)
  • The VAT Act, 1998 (Act 546)
  • Banking Law, 1989 (PNDCL 225)
  • Environmental Conservation Act
  • The Labour Act, 2003 (Act 651)
  • Foreign Exchange Act, 2006 ( Act 723)

Information about Investment climate in Ghana has been summarized to include the following;

 

Further reading

http://www.ghc-ca.com/frm-e-trade.html

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