GHANA

The Embassy of the Republic of Ghana in Tokyo is glad to be associated with African Development Bank in its efforts to promoted development, business and investment opportunities in Africa within Asia and the Pacific region.

Ghana is a member of the Economic Community of West African States (ECOWAS), a regional economic organization comprising a thriving market of 250 million people in West Africa. Since its formation in 1975, implementation of the ECOWAS protocol on trade has greatly enhanced intra-regional trade as well as Ghana’s status as an economic force in the sub-region. Ghana’s trade access is expected to increase significantly in the coming years, especially as African nations move toward implementation of the African Economic Community (AEC), established by African heads of state and government in 1991.The AEC will take effect in 2025.

Ghana’s wealth of resources, democratic political system and dynamic economy, makes it undoubtedly one of Africa’s leading lights. Gaining the world’s confidence with a peaceful political transition and a grounded and firm commitment to democracy has helped in expediting Ghana’s growth in foreign direct investment (FDI) in recent years.

Ghana has attracted the attention of well-known international businesses, investing in all sectors of our economy. All these investors have come to Ghana because they know we have a wonderful conducive social, political and economic environment in which they can invest, grow and be successful.

Building on significant natural resources, our dear nation is committed to improving its physical infrastructure. Moreover, Ghana has recently embarked on an ambitious but achievable reform programme to improve the investment climate for both local and international investors. Also with the difficult times during the past few years where most countries did not show good growth levels due to the global economic downturn, Ghana had an economic growth rate of 7.8% in 2011, which is unprecedented in our history.

As happy as we are to receive such recognition, we are even happier to see increased investments and reinvestments in Ghana as a result of these ongoing reforms. In 2012, the Ghana Investment Promotion Centre registered over US $ 5.63 billion worth of investments. As is evident, Ghana’s highest recognition has come from the investor community.

Ghana has a solid tradition of investments in agriculture and agro-processing. The financial services and telecommunications sectors are fast gaining ground, providing dynamic and innovative services to the most diverse customers in the world. Further opportunities exist in manufacturing, ICT, and Tourism. Mineral deposits including gold and diamond abound, and with the discovery of oil, Ghana’s famous black star has never shone brighter.

We trust you will find our reputation for unparalleled hospitality well-deserved, and our ability to triumph in challenging circumstances as steadfast as ever. We re-affirm our commitment to moving our continent forward and look forward to very useful engagements between all stakeholders.

Akwaaba!

INVESTMENT OPPORTUNITIES IN GHANA

Investment opportunities abound in the following sectors:

-Agriculture & Agro-Processing
-Cotton & Textiles
-Food Processing
-Forestry
-Health
-Horticulture
-Mineral Processing
-Oil & Gas
-Tourism
-Utilities

Tax Regime

Corporate Tax

Investment Incentives

Tax Holidays (From Start of Operation)

Locational Incentives (Tax Rebates)

a)   Manufacturing industries located in:

– Accra and Tema 　　25%
– All other regional capitals　　 18.75%
– Located outside regional capitals 　　12.50%

b)   After the initial 5-year tax holiday period, Agro-processing enterprises which use local agricultural raw materials as their main inputs shall have corporate tax rates fixed according to their location as follows:

– Accra – Tema　　 20%
– Other Regional Capitals (except Northern, Upper East and Upper West Regional Capitals) 　　10%
– Outside Regional Capitals　　 0%
– Northern, Upper East and Upper West Regions (capitals and all other locations)　　0%

Tel:+(81) 3-5410 8631; +(81) 3-5410 8632; +(81) 3-5410 8633
IP Tel: + (81) 3-50 5502 9947; +(81) 3-50 5502 9948
Fax:+(81) 3-5410 8635
Email:mission@ghanaembassy.or.jp
Website:www.ghanaembassy.or.jp