GHANA INVESTMENT PROMOTION CENTRE ACT – (ACT ) . Section – 17 – Application Of Act. This Act does not apply to mining and petroleum. Under the Ghana Investment Promotion Centre Act, (Act ), any enterprise in which there is foreign participation is required to register with the Ghana. Ghana Investment Promotion Centre ACT, Act E-mail · Print. Ghana Investment Promotion Centre ACT, Act Click to download full document.
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Laws applicable to the operation of business in Ghana conform to international standards and best practice. These laws are based on a framework ach legislation relating to business gilc, copyrights, patents, trademarks, disputes and labour relations. There are also numerous Public sector Ministries, Departments and Agencies as well as private legal, business consulting and accounting firms, which provide expert guidance on doing business in Ghana.
Sanctity of contracts ensures respect for commercial rights and obligations.
Damages are compensatory, not punitive, and an Independent Court system ensures equitable protection of rights. Mediation, arbitration and other alternative forms of dispute resolution are readily available and routinely used. The Ghana Investment Promotion Centre Act, Actprovides guarantees including prohibition against discrimination and expropriation to all enterprises.
Ghana is aact member of the Multilateral Investment Guarantee Agency MIGA of the World Bank, which provides investment guarantees against non-commercial risks for investments in developing countries.
Additionally, the Government of Ghana has entered into Bilateral Investment Promotion and Protection Agreements IPPAsas well as Double Taxation Agreements with a number of countries to further enhance the protection and security of the investment regime. The details are indicated in the following tables. The vision and policy direction of gilc new government is one of hope, jobs, wealth creation, and a robust economy that supports a thriving private sector. While addressing key challenges like stability of the macro economy, monetary and fiscal discipline and reliability of power for businesses, new initiatives like the stimulus package to improve the competitiveness of existing Ghanaian industries, reduction in the tax burden on enterprises and reform of the regulatory environment will lead to a more business friendly economy.
Other initiatives include the establishment aft one multi-purpose industrial park in each administrative region, One District, One Factory, Planting for Food and Jobs as well as the development of strategic anchor industries as new pillars of growth for the Ghanaian economy.
Ghana Investment Promotion Centre Act – GhanaLegal – Legal Portal for Ghana
The successful implementation of these several initiatives will create an industrialized economy that creates jobs; a modernized agricultural sector that emphasizes value addition and an integrated business infrastructure that truly cranks up the private sector as the engine of growth. In the words of H.
Ghana is open for business again! Doing Business and Applicable Laws in Wct Laws applicable to the operation of business in Ghana conform to international standards and best practice. Key Investment related legislation in Ghana includes the following: The Kingdom of the Netherlands March 1-July 3.
The Kingdom of Denmark January- 6-January- 5. The Swiss Confederation 8-October January 6. Republic of Cuba 3-November 3. Socialist Republic of Romania September 4.
Republic of Mauritius May 5. Egypt March- 6.
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Republic of Botswana July 8. Republic of Barbados 28 -April 9. Republic of Burkina Faso May Republic of Benin May Republic of Guinea May- The Kingdom of Spain 6-October — Federal Republic of Yugoslavia April- Leave a Reply Cancel reply.