Favorable Foreign Direct Investment


Among the numerous guarantees and incentives that attract investors are:

  • Low corporate tax rates
  • Tax holidays
  •  Low equity requirements
  •  Custom duty exemptions for plant, machinery, equipment and parts
  •  Automatic immigrant quotas
  •  Relief from double taxation for foreign investors.

 

Ghana’s Foreign Investment Code:

  • Eliminates screening of foreign investment
  • Guarantees capital repatriation
  • Does not discriminate against foreign investors.
  • Only pre-condition for investment is a minimum capital requirement.

 

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.

 
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), as well as double taxation treaties with a number of countries to further enhance the protection and security of the investment regime.
 
See Association of Ghana Industries