Investment Forecast

GHANA TRADE AND INVESTMENT

ADVANTAGES FOR DOING BUSINESS IN GHANA

  • Stable Multi-party government
  • Demonstrated commitment to market liberalization
  • MIGA membership
  • Investment Promotion
  • Ongoing privatization in key economic sectors
  • Expanding stock market
  • Competitive labour force
  • Export free zones where goods traded with other countries are exempt from customs and laws
  • Immediate access to all markets of the Economic Community of West African States (ECOWAS)
  • Quota-free access to U. S. A. and European Union markets
  • Member of the World Trade Organization
  • Official language English
  • Investment laws which guarantee 100% transfer of profits, dividend etc.

With a stable political environment and forward looking investment climate, Ghana is prime location for investors, wishing to tap the country's abundant natural resources, exploit market opportunities in Ghana and also within the larger Economic Community of West African States (ECOWAS).

INVESTMENT CLIMATE

The economy of Ghana has undergone a remarkable transformation. The economic management program embarked upon in a rather challenging environment of the 80's has re-engineered the Ghanaian economy, which has since registered an average growth rate of 5% per annum. The consistent growth rate of the economy has laid the foundation for social stability and international credibility. Amendments to Ghana's 1985 investment code have opened up a wide range of new business opportunities. The 1994 Ghana Investment Promotion Act guarantees the freedom for non-Ghanaians to establish and run enterprises in potentially lucrative areas. The government's privatization initiatives also open up a number of sectors for new business partnerships and investment, notably the banking and the state petroleum and telecommunications sectors. Tourism is an especially strong area for a new business projects. Key opportunities in this sector include: tourist accommodation, particularly beach resorts; tourists transportation, catering enterprises, eco-tourism, night life and leisure and tourist servicing enterprises. As a result, renewed private sector activity is increasing and attracting foreign investment in a growing number of strategic areas.

Among the factors responsible for this trend has been the adoption and implementation of sound macroeconomic policies and the enactment of more liberal investment legislations. These legislations seek to free the investor from bureaucratic constraints and provide facilitating mechanisms to reduce costs associated with delays in implementing projects. One such legislation is the Ghana Investment Promotion Centre Act, 1994 (ACT 478).

 

 

Informational materials provided by the Ghana High Commission

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Ghana is a West African country, bounded on the north by Burkina Faso, on the east by Togo, on the south by the Atlantic Ocean, and on the west by Côte d'Ivoire... more

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