GHANA
Enhancing Trade and Accruing Investment

Banking & Finance - Trade and investment - Investor's guide - Tourism


COST OF DOING BUSINESS IN GHANA

ITEM COST (US$)
  
A. STARTING A BUSINESS
 
1.Incorporation at Registrar General's Department  
(a). Application Forms 17.5
(b). Stamp Duty 0.2% of Stated/Paid-up Capital
2.Registration at Ghana Investment Promotion Centre
(a)Application Forms 11.0
(b)Processing Fees 500.0
3.Renting of Office Space (per sq. metre/annum) 2.4 -10.4
4.Serviced Industrial land - One acre (0.4 hectares)
for 50 years (One time payment. Tema Development Corporation rate)
38000.0-42000.0
5.Annual ground rent for serviced Industrial land (One acre).30.0
  
B. HUMAN RESOURCES
 
1.Wage Rates (Ghanaian Employees) 
(a)Consolidated Monthly Salaries 
(i)Managerial1,000.0 - 2,500.0
(ii)Skilled/Professional Staff500.0 - 1,000.0
(iii)Semi Skilled/Unskilled Staff100.0 - 250.0
(iv)Daily Minimum Wage0.6
2.Statutory monthly contribution
(Social Security & National Insurance Trust)
12.5% of Employees Basic Salary
3.Employment of Expatriate Staff 
(a). Ghana Immigration Service Fees: 
(i). Resident Permit/Person -ECOWAS National10.0
(ii)Resident Permit/Person - Other National20.0
(b)Ghana Investment Promotion Centre Fees 
(i)Automatic quota (per person)20.0
(ii)Additional quota (per person)50.0
(iii)Replacement quota (per person)20.0
(c)Ghana Free Zones Board Fees
(For Free Zones Enterprises)
 
(i)Resident Permit/Person/Year - 1st & 2nd Year200.0
(ii)Resident Permit/Person/Year - 3rd & 4th Year300.0
(iii)Resident Permit/Person/Year - 5th Year & thereafter500.0
  
C. UTILITIES
 
1.Electricity 
Special Load Tariff (SLT) - Low, Medium & High Voltage2.0
Capacity Charge/Month0.03 -0.04
Energy Charge/kilowatt4.0
Service Charge/month0.1
2.Water 
(a)Domestic Consumption (Litres/Month) 
# 0 - 10,000 (US$/1000) litres
0.3
# 11,000 - 40,000 (US$/1000 litres)0.4
# Over 40,000 (US$/1000 litres)0.4
(b)Commercial/Industrial Consumption (Litre/Month) 
# 0 - 40,000 (US$/1000 litres)0.5
# 41,000 - 450,000 (US$/1000 litres)0.5
# Above 450,000 (US$/1000 litres)14.0
3.Sewerage 
Sludge dislodgement/trip
1.2 -3.0
Refuse Collection/month0.28
4.Fuel and Gas 
Petrol (unlead)/litre0.27
Diesel/litre0.38
LPG/kg38.5
5.Internet Service 
Subscription fee/month0.04
6.Telephone (Fixed Lines) 
Call Charges per minute 
(a)Internal/Distance 
Local 
0 - 32 km0.06
32 - 80 km0.08
Over 80 km 0.10
(b)International Direct Dialling (IDD) 
To Ecowas Countries0.40
To Europe0.52
To Other Countries 0.60

D. TRANSPORTATION CHARGES

i.Container Haulage (Sea Freight)
    US$US$ (Exports)
To Europe20' Container1050.00 -1375.00 
To USA - East Coast20' Container2000.00 - 2700.00 
To Far East
Yokohama/Singapore
Shanghai
Japan
20' Container3250.00
2900.00
3100.00
N/A
To Middle East (Dubai)20' Container2800.001300.00
South Africa (Durban)20' Container1500.001000.00
West Coast of Africa Nigeria/Cameroon/ Benin20' Container1500.00750.00 - 800.00
West Coast of Africa (Liberia)20' Container1500.001100

    US$ (Import)US$ (Export)
To Europe40' Container1950.00
To USA - East Coast40' Container3400.00
To Far East
Yokohama/Singapore
Shanghai
Japan
40' Container6400.00
6100.00
5800.00
N/A
Middle East40' Container5500.002000.00
West Coast of Africa40' Container2600.00 - 3000.001440.00 - 2100.00

ii.Air Cargo

Destination Minimum Charge (US$)<45kg
(US$/kg)
.>45kg
(US$/kg)
100 kg+
(US$/kg)
300 kg+
(US$/kg)
500 kg+
(US$/kg)
London625.464.09---
New York6210.708.206.805.655.30

Country<45 kg (US$/kg)>45 kg (US$/kg)>100kg (US$/kg)>500kg (US$/kg)
Middle East5.405.404.054.05
Asia16.3012.2412.2411.24
South Africa5.354.024.024.02
West Africa0.75 - 2.880.56 - 2.160.56 - 2.160.56 - 2.16

iii.Inland Haulage

1. Dry Cargo 2.8 cents/tonne/kilometre
2.Wet Cargo 4.3 cents/tonne/kilometre
3.Corrosive Cargo 3.5 cents/tonne/kilometre

iv.Courier

a) Documents

WeightLondon
(US$)
Europe
(US$)
USA
(US$)
RSA
(US$)
0.5 kg14.0019.7021.3025.00
1.0 kg22.7031.8036.0040.00

Asia (US$)West Africa (US$)Middle East/Rest of the World (US$)
0.5 kg26.0011.4530.00
1.0 kg44.0020.0047.00

b) Parcels

WeightLondon (US$) Europe (US$) USA (US$) RSA (US$)
0.5 kg16.0022.0023.2027.00
1.0 kg24.6034.2037.9042.00

Asia ($)West Africa (US$)Middle East/ Rest Of The World (US$)
0.5 kg28.0014.0032.00
1.0 kg45.0022.0049.00

E. RENTED ACCOMMODATION (Per annum)

Type(US$ per sq. metre)
3 Bedrooms with Outhouse64 - 138 84 - 138 sq. metre p.a.
5 Bedrooms with Outhouse 142 sq. metre p.a100 - 131
4 Bedrooms with Outhouse 100 - 131 sq. metre p.a.142

F. HOTEL RATES (US$)

3 Stars (US$)4 Stars (US$)5 Stars (US$)
Single 100 - 120170 - 200240
Double120 - 135200 - 225270
Junior Suite150300 - 340-
Executive Suite170 - 195360 - 425525

G. INTERNATIONAL SCHOOL FEES (US$)

  Admission FeesTuition & Tutorial Fees/Term
Long Term (>10years stay) Expatriate2,800 -3340825 - 1320
Short Term (<10 years stay) Expatriate4200 - 50101650 - 2640

H. GOLF CLUB MEMBERSHIP (US$)

  Single Double
Joining Fees400.00700
Annual Subscription189.40255
Green Fee:

a. Weekdays

b. Weekends/Holidays


10.60/day

15.95/day
 

CAR HIRE/AUTO RENTALS (US$)

CategoryRate (1-2 days)3-4 daysWeeklyKm rate
Small size6560450.15
Medium size7065600.20
Executive8075700.25
4x4 (Cross Country9085800.30
Minibus8075700.20

Eating Out

Lunch/Dinner/person Buffet US$10 - 15

Lunch/Dinner/person A la carte US$15 &# 8211; 20
For all enquiries, contact:
The Chief Executive
Ghana Investment Promotion Centre, P.O.Box M193, Accra, Ghana.
Tel: (233)-(21)-66 5125 - 9. Fax: (233)-(21)-66 3801.
E-mail: gipc@ghana.com
Website: http://www.gipc.org.gh



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© World INvestment NEws, Multimedia Information Company, 2002.
This is the electronic edition of the special country report on Ghana published in Forbes Global Magazine or Far Eastern Economic Review
February 4th 2002 Issue.
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