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Industry and Trade
Investment Opportunities
Investment opportunities available to potential inves-
tors in this industry are as follows:
Production
• Garments Manufacturing Companies to set up
factories in Ghana to produce for the US market
Marketing and Distribution
• Buyers and Sellers to make exploratory visits to
Ghana and request trial orders
• Raw Materials
• Fabric suppliers to supply raw material
requirements of Ghanaian garment manufacturers
• Textile Manufacturers to set up factories in Ghana
to supply fabrics on a sustainable basis
Technological and Supporting Services
• Suppliers of Garment Manufacturing Equipment
to supply the Ghanaian market on a sustainable
basis
• Suppliers and Financiers of factory building
technology
GHANA RUBBER ESTATE LTD
Marc Genot.
Managing Director
49/11 Nzema Road,
PO Box TD 228, Takoradi
Tel: (+233) 31 22577, (+233) 31 22578
Fax: (+233) 31 22515
www.geodrill.com.gh
info@grelgh.com
Ghana Rubber Estates Limited (GREL) started as a
small private plantation established by R. T. Briscoe
Investment Incentives
Some incentives available to investors in this sector
include:
• Quota-free and tariff access to the US market
based on approved African Growth and
Opportunity Act (AGOA) visa.
• Favoured industry status for garment exporting
companies.
• Fast track support and facilitation of investments
in the garment industry by government and a
private-public sector development consortium.
• Exemption from customs import duties on plant
and machinery, equipment and accessories
imported exclusively and especially for
establishing enterprises.
• Corporate tax rebates of 40% - 75% and location
incentives for manufacturing industries.
• Investment allowance of 7.5% per annum and full
repatriation of earnings.
• A relatively cheaper raw material base, expanding
cotton production levels and active support to the
sector with the provision of facilities such as the
Garments Village and Training Centres.
Investment Guarantees
Ghana is a safe investment destination. Guaran-
tees against expropriation of private investments
provided under law are buttressed by the Ghanaian
Constitution. Some investment guarantees are de-
tailed below:
• Free transferability of capital, profits and dividends
• Insurance against non-commercial risks – Ghana
is a signatory to the World Bank’s Multilateral
Investment Guarantee Agency (MIGA) Convention
• Double Taxation Agreements (DTAs) – to
rationalize tax obligations of investors in order to
prevent double taxation. DTAs have been signed
and ratified with France and the United Kingdom
DTAs have been signed with Germany and
concluded with Belgium, Italy and Yugoslavia
POTENTIAL SOURCES
OF FUNDING
Viable companies and projects can easily attract
financing both on the local and international financial
markets. The main sources of funding are:
• 29 Banks
• 44 non-bank financial institutions
• 135 rural banks
• The Ghana Stock Exchange – note that in the last
four years, many issues of shares on the GSE
have been oversubscribed by 100% - 300%,
meaning that there is a lot of money for
investment purposes
• Ghana Venture Capital Fund
• International development finance institutions
based in Ghana, such as the International Finance
Corporation (IFC) and the African Development
Bank (AfDB)
A number of foreign financial institutions also provide
off-shore financing directly to companies in Ghana.
Main Entities