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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Ghana Investment Promotion Centre ACT, 2013 Act 865
Section – 14 – Annual Report. In the words of H. Section – 6 – Committees Of The Board. Section – 39 – Regulations. Ghana is a 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.
Republic of Botswana Gupc 8.
Gicp initiatives include the establishment of 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.
Republic of Benin May Section – 3 – Functions Of The Centre.
Ghana Investment Promotion Centre ACT, Act | Laws
Section – 20 – Export Trading Enterprises Exempted. Home Sections Acr All Print. The Kingdom of Denmark January- 6-January- 5. Section – 25 – Incentives For Special Investments. Section – 2 – Objects Of Centre.
Section – 29 – Dispute Settlement Procedures. These laws are based on a framework of legislation relating to business activity, adt, patents, trademarks, disputes and labour relations.
The Ghana Investment Promotion Centre Act, Actprovides guarantees including prohibition against discrimination and expropriation to all enterprises.
Section – 35 – Offences And Penalty. Notwithstanding section 15 of this Act, the President may on the advice of the Board in writing request the Registrar-General, the Director of Immigration and the head of any government Department to station at the offices of the Centre such public officers as may be specified therein and the request shall be complied with.
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 vision and policy direction of the new government is one of hope, jobs, wealth creation, and a robust economy that supports a thriving private sector.
Section – 13 – Financial Year Of Centre. Section – 31 – Assistance To Enterprise. Section – 18 – Enterprises Reserved For Ghanaians.
Laws applicable to the operation of business in Ghana conform to international standards and best practice. The enterprises specified in the Schedule to this Act are reserved for Ghanaians and may not be undertaken by a non-Ghanaian.
There are also numerous Public glpc Ministries, Departments and Agencies as well as private legal, business consulting and accounting firms, which provide expert guidance on doing business in Ghana.
Laws & Regulations
The Kingdom of Spain 6-October — Section – 9 – Department Of The Centre. Section – 21 – Establishment Of Enterprises. The financial year of the Centre shall be the same as the financial year of the Government.
The successful implementation of these several initiatives will create an industrialized economy that creates jobs; a modernized agricultural sector at emphasizes value addition and an integrated business infrastructure that truly cranks up the private sector ach the engine of growth.
Section – 5 – Meetings Of The Board. Subject to this section an enterprise to which this Act applies shall be guaranteed unconditional transferability through any authorised dealer bank in freely convertible currency of- a dividends or net profits attributable to the investment; b payments in respect of loan servicing where foreign loan has been obtained; c fees and charges in respect of any technology transfer agreement registered under this Act; and d the remittance of proceeds net of all taxes and avt obligations in the event of sale or liquidation of the enterprise or any interest attributable to the investment.
For the purposes of promoting identified strategic or major investment, the Board may in consultation with such appropriate state agencies acy the Board may determine and with the approval of the President, negotiate specific incentive packages in addition to the incentives provided under section 23 of this Act for such bipc as the Board may specify. Section – 24 – Exemption Of Non-zero-rated Items.