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 ยท Print. Ghana Investment Promotion Centre ACT, Act Click to download full document.

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In the words of H.

Laws & Regulations

Section – 17 – Application Of Act. Republic of Botswana July 8. Section – 25 – Incentives For Special Investments. Laws applicable to the operation of business in Ghana conform to international standards and best practice.

GIPC ACT | Kasser Law Online

Section – 14 – Annual Report. Republic of Mauritius May 5. Section – 32 – Personal Remittances.

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. Republic of Barbados 28 -April 9.

Laws & Regulations โ€“ Ghana Investment Promotion Centre โ€“ GIPC

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. Section – 36 – Repeals And Saving. Republic of Guinea May- 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.

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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 – 28 – Guarantee Against Expropriation.

The Centre shall be responsible to the President.

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.

Sanctity of contracts ensures respect for commercial rights and obligations. The financial year of the Centre shall be the same as the financial year of the Government.

The Kingdom of Spain 6-October โ€” Section – 39 – Regulations. Home Sections Expand Gjpc Print. Socialist Republic of Romania September 4. The successful implementation of these several initiatives will create an industrialized economy that creates jobs; a modernized agricultural sector that emphasizes value addition and an integrated business infrastructure that truly cranks up the private sector as the engine of growth.

Federal Republic of Yugoslavia April- 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 – 9 – Department Of The Centre. Subject to this section an enterprise to which this Act igpc shall acf 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 vipc 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 other obligations in the event gioc sale or liquidation of the enterprise or any interest attributable to the investment.

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Key Investment related legislation in Ghana includes the following: Doing Business and Applicable Laws in Ghana Laws applicable to the operation of business in Ghana conform to international standards and best practice.

Ghana is open for business again! Damages are compensatory, not punitive, and an Independent Court system ensures equitable protection of rights. Section – 21 – Establishment Of Enterprises.

The details are indicated in the following tables. Mediation, arbitration and other alternative forms of dispute resolution are readily available and routinely used. Leave a Reply Cancel reply. 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.

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 – 26 – Priority Areas. Section – 1 – Establishment Of Centre. Section – 3 – Functions Of The Centre. The Ach Confederation 8-October January 6.