Business Development

SETTING UP BUSINESS IN GHANA

An entrepreneur, irrespective of nationality, can set up a business enterprise in Ghana in accordance with the provisions of any of the following legal instruments:

  • The Companies Code, 1963 (Act 179)
  • The Partnership Act, 1962 (Act 152)
  • The Business Name Act, 1962 (Act 151)

We're ready to meet your specific needs at any development stage of your business. Whatever the scenario, our consultants will work closely with you to find the right solution.

 

SERVICES AVAILABLE

After an initial consultation to determine specific client needs; Blackstar consultants guide clients through a successful process targeted to make projects, ideas or business plans profitable in Ghana. We provide the following professional services:

  • Business plan development and execution.
  • Documentation and/or Registration of your company in Ghana
  • Market research: Documented non-bias reports, demographics, site analysis, economic impact analyses and feasibility studies.
  • Sales and Ghanaian business culture training seminars and workshops
  • Assist new clients with finding institutional lenders and banking services
  • Website consulting, development and advertising

 

Customized advice and specific direction for establishing a business presence in Ghana is available to all interested investors by filling the contact us form.

 

TYPES OF BUSINESS STRUCTURES AVAILABLE IN GHANA

Joint Ventures
A foreign investor may team up with a Ghanaian entrepreneur or company for a joint venture, usually in the form of a partnership or a limited company. However, under the Ghana Investment Promotion Centre Act, 1994 (Act 478), a minimum equity capital of US$10,000 is required from any foreign investor who intends to enter into a joint venture partnership with a Ghanaian in any area of economic activity, except import trading. In import trading the minimum equity capital requirement is US$300,000.

The foreign shareholder is required to satisfy this minimum equity capital either in cash transferred through Ghana's banking system or its equivalent in the form of goods, plant and machinery, vehicles or other tangible assets imported specially and exclusively to establish the enterprise.

Wholly Foreign-owned Enterprises
Foreigners are permitted 100-percent ownership of an enterprise provided he/she satisfies section 19 (2b) of the GIPC Act, 1994 (Act 478). Wholly foreign-owned enterprises must have a minimum paid up capital, the equivalent of US$50,000 in all areas of economic activity except import trading, where the minimum equity capital requirement is US$300,000. In the cases of export trading and liaison (external) offices, there is no minimum foreign equity requirement.

 

Forming A Limited Company
Application for registration of a company is made directly, or through agents or solicitors such as Blackstar group, to the Registrar-General. A company is duly registered after the company's regulations have been submitted to the registrar of companies and a certificate of incorporation issued. A specified fee is paid on presentation of the regulations.

 

The requirements for a public company limited by shares are similar to those stated above, except that the public can buy shares.

 

External Company
An external company is a body corporate formed outside Ghana but which has an established place of business in Ghana. This can take the form of a branch, management, share, transfer, registration office, factory, mine or other fixed place of business, but does not include an agency unless the agent is authorized to negotiate and conclude contracts on behalf of the outside company.

An external company may invite the Ghanaian public to subscribe to its shares, subject to its complying with requirements of the Companies Code covering invitations and the prospectus as if it were a Ghanaian company. The Registrar, however, has the discretion to waive or modify parts of these requirements.

 

Enterprises wholly reserved for Ghanaians

 

  • The sale of anything whatsoever in a market, petty trading, hawking or selling from a kiosk at any place.
  • Operation of taxi service and car hire service. (A non-Ghanaian may undertake this service provided he has a minimum fleet of ten new vehicles).
  • All aspects of pool betting business and lotteries, except football pools.
  • Operation of beauty salons and barber shops.

Prospective investors should obtain competent professional advice on the type of company which may best meet their needs.

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Learn About Ghana

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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