 INVESTMENT ENVIRONMENT |
 Attitude To Private Investment |
The private sector has been assigned a leading role in the economic development process. Co-ordinating this role is the Private Enterprise Foundation (PEF), an advocacy institution responsible for a rapid and unimpeded private sector development. The PEF was founded on the initiative of four major business associations viz., Association of Ghana Industries (AGI), Ghana National Chamber of Commerce (GNCC), the Ghana Employer's Association (GEA), and the Federation of Association of Ghanaian Exporters (FAGE). The policy thrust is to lessen public intervention and create an enabling environment for investment by engaging in continuous dialogue and establishing partnership between government, private sector, and the developmental stakeholders.
| Investment Guarantees |
Ghana Investment Promotion Act, 1994 (Act 478), provides guarantees to all enterprises, free transferability through any authorized dealer bank in freely convertible currency of dividends or net profits attributable to a foreign investment; payments in respect of loan servicing where a foreign loan has been obtained; remittance of proceeds (net of all taxes and other obligations) in the event of sale or liquidation of the enterprise or any interest attributable to the investment.
| Transfer of Profits/Dividends MIGA/IPPA |
Ghana is a member of the Multilateral Investment Guarantee Agency (MIGA) of the World Bank, which provides investment guarantees against non-commercial risk for investments in developing countries. Additionally, the Government has entered into bilateral Investment Promotion and Protection Agreements (IPPAs) with a number of countries to further enhance the protection and security of the investment regime. | | Advantages for Locating in Ghana |
·A stable multi-party democracy
·Economic stability (average GDP growth rate of 4.5% per annum for the past decade).
·A market economy
·An on-going divestiture programme which underscores government's private sector development
·Active member of the Economic Community of West African States (ECOWAS) a sub-regional economic grouping with market access to over 260 million people.
·Good and ever improving physical infrastructure of roads, telecommunication, electricity, ports, etc.
·Availability of skilled and trainable labour.
·Competitive labour cost.
·Quota-Free access to USA & European Union markets.
·Proximity to European Union markets (6 hrs flight time) and USA (9 hrs flight by Ghana Airways).
·Fast developing financial infrastructure
·High degree of personal safety
·Warm and friendly people
·Fairly high quality of life. |
