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Public Services
Viable companies and projects can easily attract fi-
nancing 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.
INVESTMENT INCENTIVES
Import climate
As the Healthcare sector relies on imports there is
a very open import climate. Ghana does not have
any explicit import restrictions or tariffs that apply
specifically to used or refurbished medical equip-
ment in general. Most hospital equipment including
ambulances is exempt from duties and taxes by the
Ministry of Finance. Some pharmaceuticals are ex-
empt from duties and taxes.
Tariff Structure for Imports
•
Zero Rate Duty:
Imported Mosquito nets falling
within Heading No. 5608. 19.00.10 of the HS Code
shall now be admitted free of Import Duty.
•
Twenty (20) Percent Rate:
20% is the standard
rate of duty.
•
Exemptions:
Exemptions on gifts of a charitable
nature imported by NGOs are limited to only those
for Health and Educational purposes.
•
Technical/safety standards:
Pharmaceutical import requirements
•
All Drugs registered
•
18 month minimum shelf life
•
All labelling must be in English
•
Every drug imported must be registered
with the Food & Drugs board
INVESTMENT GUARANTEES
Ghana is a safe investment destination. Guarantees
against expropriation of private investments provid-
POTENTIAL SOURCES
OF FUNDING
ed under law are buttressed by the Ghanaian Con-
stitution. Some investment guarantees are as follow:
a.
Free transferability of capital, profits
and dividends.
b.
Insurance against non-commercial risks –
Ghana is a signatory to the World Bank’s
Multilateral Investment Guarantee Agency
(MIGA) Convention.
c.
Double Taxation Agreements (DTAs) – to
rationalize tax obligations of investors in order to
prevent double taxation. DTAs have been signed
and ratified with several countries.