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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Ghana Investment Promotion Centre ACT, 2013 Act 865
Section – 24 – Exemption Of Non-zero-rated Items. Other initiatives include the establishment of one multi-purpose industrial park in each administrative region, One District, One Factory, Planting for Food and Jobs as well gippc the development of strategic anchor industries as new pillars of growth for the Ghanaian economy.
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 – 36 – Repeals And Saving. Section – 37 – Transitional Provisions. 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 aft to them such functions as the Board may determine except that a committee composed entirely of non-members may only advise the Board. Subject to this section an enterprise to which this Act applies shall be 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 foreign loan has been obtained; c fees and charges in respect of any technology transfer agreement registered under this Act; and d the remittance ach proceeds net of all taxes and other obligations in the event of sale or liquidation of the enterprise or any interest attributable to the investment.
Section – 20 – Export Trading Enterprises Exempted.
Ghana Investment Promotion Centre ACT, Act | Laws
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 gipf up the private sector as the engine of growth. Republic of Mauritius May 5. The Kingdom of Spain 6-October — Section – 9 – Department Of The Centre. Section – 31 – Assistance To Enterprise. Section – 40 – Interpretation.
Laws & Regulations – Ghana Investment Promotion Centre – GIPC
Section – avt – Application Of Act. Section – 2 – Objects Of Centre. Section – 5 – Meetings Of The Board. Section – 30 – Immigrant Quota.
The details are indicated in the following tables. Section – 23 – Benefits And Incentives. The Board may, on the recommendations of the Chief Executive, create acf departments in the Centre as it may consider necessary for the efficient discharge of the functions of the Centre.
The Kingdom of Denmark January- 6-January- 5. 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. Republic of Benin May There shall be provided to zct personnel employed or engaged in an enterprise to which this Act is applicable, banking facilities through gic dealer banks for making remittances abroad except that such remittances shall not exceed the total official wage of the expatriate personnel.
Ghana is open for business again! The Kingdom of the Netherlands March 1-July 3.
Sanctity of contracts ensures respect for commercial rights and obligations. Federal Republic of Yugoslavia April- Laws applicable to the operation of business in Ghana conform to international standards and best practice. This Act does not apply to mining and petroleum enterprises. Republic of Guinea May- Section – 33 – Technology Transfer Agreement. 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.
Section – 3 – Functions Of The Centre. Section – 29 – Dispute Settlement Procedures. Republic of Burkina Faso May Section – 35 – Offences And Penalty. Section – 26 – Priority Areas. Egypt March- 6. In the words of H.
These laws are based on a framework of legislation relating to business activity, copyrights, patents, sct, disputes and labour relations. Leave a Reply Cancel reply. Section – 13 – Financial Year Of Centre. Republic of Barbados 28 -April 9.
Section – 10 – Responsibility For The Centre. 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. For the purposes of promoting gpc strategic or major investment, the Board may in consultation with such appropriate state agencies gpic 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.