1. PRESENTATION ON INVESTMENT OPPORTUNITIES IN GHANA

2. CONTENT Mandate Of GIPC Ghana at a Glance Steps To Investing In Ghana
Minimum Capital Requirement
Investment Opportunities
Investment Incentives
Locational Incentives
General Reliefs And Investment Guarantees
Ghana On The Go

3. THE GIPC MANDATE
The Ghana Investment Promotion Centre (GIPC) is a government agency established under Act 865 to promote, coordinate, and facilitate investment in the Ghanaian economy.
Our functions include:
Investment advisory services
Joint venture facilitation
Identification of specific projects for investment promotion
Grant of investment incentives and provision of investor support services
Registration of technology transfer agreements
Negotiation of bilateral investment treaties

4. ACTIVITIES OF GIPC
The main activities of the Centre include the following:
Promoting available investment opportunities
Conducting general industry or sector specific investment missions as required
Coordinating investment seminars and missions both local and foreign
Participating in exhibitions, conferences, workshops and seminars
Applying one-to-one direct marketing efforts
Facilitating visits of prospective investors
Matching prospective foreign investors with local partners (joint venture facilitation)
Ensuring effective and efficient on-going liaison with Ghana’s missions abroad

5. GHANA AT A GLANCE Income category Lower middle income Population
27,409,893
GDP per capita US$ 1,480
A Stable Democracy
since its transition to multi-party democracy
in 1992
Rule of Law
A demonstrated commitment to the philosophy of market liberalization and rule of law

6. GHANA AT A GLANCE Economy
West Africa’s 2nd largest economy and market access to over 350million ECOWAS Market
Best destination
for ease of doing business in West Africa ahead of Cote d’Ivoire and Nigeria – 108th (*World Doing Business Report 2017)
Accessibility
Easy flight connections to Europe, Middle East, The Americas and Asia
An average of hours across countries
Human Resource
Skilled and trainable labour

7. GIPC REGISTERED PROJECTS FROM POLAND – SEPT. ‘94 TO SEPT. 2017
SECTOR
No. OF PROJECTS
FDI ($ )
Manufacturing 1
1,200,000.00
Service 2
26,495,117.67
Liaison
74,666.60
Total 4
27,769,784.27

8. INVEST IN 3 EASY STEPS
Step 1 - Registration with Registrar General's Department  
Step 2 - Minimum Equity Contribution
Step 3 – Registration with GIPC

9. MINIMUM CAPITAL REQUIREMENT
Joint Ventures (JV) with Ghanaian partners are encouraged, 100% foreign participation is permissible
Equity:
US$200,000 for JV with Ghanaian partner (Min.10% )
US$ 500,000 for 100% foreign ownership
US$ 1,000,000 for trading activity (Min. 20 Skilled Ghanaians)
Exemptions:
Portfolio investment
Manufacturing and export trade enterprises
Foreign spouse of a citizen of Ghana
Dual nationals

10. AUTOMATIC EXPATRIATE QUOTAS
Automatic immigrant quotas depending on paid-up capital
US$ 50,000 – US$ 250,000 – 1 person
US$ 250,000 – US$ 500,000 – 2 people
US$ 500,000 – US$ 700,000 – 3 people
Above US$ 700,000 – 4 people
Companies may also apply for time-bound work permits where necessary

11. OPPORTUNITIES FOR INVESTORS
Agriculture and agro-processing
Manufacturing
Tourism
Energy
Infrastructure & transportation
Financial services
ICT
Health
Education

12. OPPORTUNITIES FOR INVESTORS
Agriculture and Agro-processing
Crop production
Poultry production
Aqua culture
Vegetable oil meals plants
Livestock feeds & fishmeal
Cocoa beans & waste processing into liquor, beverages, fertiliser, etc.
Packaging
Irrigation & storage facilities
Mechanised equipment for leasing

13. OPPORTUNITIES FOR INVESTORS
Manufacturing
Food processing establishments
Pharmaceuticals manufacturing
Manufacturing of spare parts for the oil & gas industry
Wood processing
Jewellery manufacturing
Salt production
Textile & Garments

14. OPPORTUNITIES FOR INVESTORS
Oil & Gas
LNG Deployment Opportunities
Opportunities exist for the deployment of LNG infrastructure to serve the country & sub-region
This is to be executed by PPP or IPP
Ancillary Services
Helicopter & fixed-wing aircraft transportation
On-shore support & logistics
Mini harbours & warehouses
Anchor handling boats
Diving vessels
Construction of a dedicated pipeline from Takoradi to Tema
A dedicated on shore pipeline to connect the two port cities of Takoradi and Tema

15. OPPORTUNITIES FOR INVESTORS
Tourism
Accommodation
Entertainment, leisure, and sports
Shopping, meeting facilities
Information shops, cultural centres
Training institutions for the tourism sector

16. ACCRA FINANCIAL CENTRE
OPPORTUNITIES FOR INVESTORS
Financial Services
Specific financial institutions dedicated to the oil & gas sectors
Focal areas include:
Insurance
Asset financing companies
Leasing companies
ACCRA FINANCIAL CENTRE

17. OPPORTUNITIES FOR INVESTORS
Property Development
Deficit of over 1.7m units
Annual demand is over 200,000 units
Annual production is 70,000 units
Opportunities in residential, industrial, and commercial real estate
Physical infrastructure

18. OPPORTUNITIES FOR INVESTORS
EDUCATION
Establishment of campuses & program sharing
To establish local campuses of international universities
Accreditation of Ghanaian universities to run foreign university programs
Research collaboration
Sharing of research & development with Ghanaian institutions
Technical institutes

19. OPPORTUNITIES FOR INVESTORS
SERVICES – ICT
Development of two science and technology parks (STPs) in Ghana
Biotechnology and precision & engineering
Education: software development, networking, VSAT, telecom, and IT engineering
Business processing outsourcing
Back office operations

20. INVESTMENT INCENTIVES
Custom duty exemption on plant, machinery and equipment
Guarantee against expropriation
Accelerated depreciation for plants and buildings,
Full repatriation of dividends and net profit attributed to investment
Transfer of funds in respect of servicing of foreign loans
Losses carry forward apply to the following businesses.
Those in specified priority areas: five years
other areas: three years

21. INVESTMENT INCENTIVES
GENERAL RELIEFS AND INVESTMENT GUARANTEES
The general reliefs and investment guarantees apply to all sectors
R&D Expenditure Deductibility
1. Deductions for Repairs and Improvements
Expenses for the repair or improvement of depreciable assets that are incurred in the production of income may be deducted irrespective of whether they are of a capital nature
Depreciation allowance
2. Research and Development Expenses
Research and development expenses may be deducted irrespective of whether or not they are of a capital nature

22. CONCESSIONARY TAX RATE TAX RATE AFTER CONCESSIONARY PERIOD
INVESTMENT INCENTIVES (Sector Specific)
SECTOR/ACTIVITY
CONCESSIONARY TAX RATE
TAX RATE AFTER CONCESSIONARY PERIOD
Tree crop farming
1% for 10 years from start of operation
25%
Cash crops/farming livestock, other than cattle or fish
1% for 5 years from start of operation
Cattle farming
Agro-processing business – converting fish, livestock into edible canned products
Income from a cocoa by-product business
Income of a company from a waste processing business
1% for 7 years from start of operation
The income of a venture capital financing
1% for 10 years from start of operation

23. INVESTMENT INCENTIVES
Locational Incentives for Agro-processing Companies
After the five-year concessionary period (1% for five years from start of operation), agro-processing enterprises which use agricultural raw materials as their main inputs have corporate tax rates fixed according to their location:
Accra/Tema %
Other regional capitals (except Northern,
Upper East and Upper West regional capitals) %
Outside regional capitals %
Northern, Upper East and Upper West
regions (capitals and all other locations) 5%

24. INVESTMENT INCENTIVES
Locational Incentives for Manufacturing Companies
Manufacturing industries located in regional
capitals other than Accra and Tema 25%
Elsewhere %
Strategic Investment Incentives under Section 26(4) of GIPC Act 865

25. GHANA ON THE GO! Ghana is open for business
There is strong government support for investors
There is a transparent and functional legal framework to ensure the success of every investment