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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Gipf of Guinea May- Republic of Burkina Faso May Leave a Reply Cancel reply. Federal Republic of Yugoslavia April- Section – 31 – Assistance To Enterprise.
Ghana Investment Promotion Centre ACT, 2013 Act 865
All government departments, government agencies and other public authorities shall co-operate fully with the Centre in the performance of its functions under this Act. Section – 30 – Immigrant Quota. The Board may for the discharge of the functions of the Centre appoint committees of the Board comprising members of the Board or non-members or both and may assign to them such functions as the Board may determine except that a committee composed entirely of non-members may only advise the Board.
Section – 32 – Personal Remittances.
Section – 29 – Dispute Settlement Procedures. For the purposes of promoting identified strategic or major investment, the Board may in consultation with such appropriate state agencies as 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 period as the Board may specify.
Section – 18 – Enterprises Reserved For Ghanaians. Section – 13 – Financial Year Of Centre.
Section – 35 – Offences And Penalty. The Swiss Confederation 8-October January 6. Egypt March- 6. Any enterprise which desires to avail itself of the incentives provided under section 23 of this Act but whose plant, machinery, equipment or parts thereof are not zero-rated under the Customs Harmonised Commodity and Tariff Code scheduled to the Customs, Excise and Preventive Service Law, PNDCL may submit an application for exemption of import duties, sales tax or excise duties on the plant, machinery, equipment or parts thereof to the Centre.
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. Section – 39 – Regulations. Section – 20 – Export Trading Enterprises Exempted.
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. Damages are compensatory, not punitive, and an Independent Court system ensures equitable protection of rights.
Section – 26 – Priority Areas. Section – 10 – Responsibility For The Centre. The enterprises specified in the Schedule to this Act are reserved for Ghanaians and may not be undertaken by a non-Ghanaian.
There shall be provided to expatriate personnel employed or engaged in an enterprise to which this Act is applicable, banking facilities through authorised dealer banks for making remittances abroad except that such remittances shall not exceed the total official wage of the expatriate personnel.
Socialist Republic of Romania September 4. Section – 25 – Incentives For Special Investments. Home Sections Expand All Print. While addressing key challenges like stability of the macro economy, monetary and fiscal discipline and reliability of power for businesses, new initiatives like the stimulus package to improve the competitiveness of existing Ghanaian industries, reduction in the tax burden on enterprises and reform of the regulatory environment will lead to a more business friendly economy.
Section – 5 – Meetings Of The Board. Doing Business and Applicable Laws in Ghana Laws applicable to the operation of business in Ghana conform to international standards and best practice. The details are indicated in the following tables.
Laws & Regulations
Key Investment related legislation in Ghana includes the following: There are also numerous Public sector Ministries, Departments and Agencies as well as private legal, business consulting and accounting firms, which provide expert guidance on doing business in Ghana. Other initiatives include the establishment aact one multi-purpose industrial park in each administrative region, One District, One Factory, Gpic for Food and Jobs as well as the development of strategic anchor industries as new pillars of growth for the Ghanaian economy.
Section – 37 – Transitional Provisions. Section – 17 – Application Of Act. Section – 3 – Functions Of The Centre. Ghana is open for business again! In the words of H.
Laws & Regulations – Ghana Investment Promotion Centre – GIPC
These laws are based on a framework of legislation relating to business activity, copyrights, patents, trademarks, disputes and labour relations. The Kingdom of Spain 6-October — The Centre shall provide to an enterprise such assistance and guidance as the enterprise may require and shall act as liaison between the enterprise and relevant government departments, agencies and other public authorities.
Section – 21 – Establishment Of Enterprises. gioc
Section – 6 – Committees Of The Board. Republic of Mauritius May 5. 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.
Republic of Cuba 3-November 3. Section – 2 – Objects Of Centre. Gupc – 33 – Technology Transfer Agreement.