Doing business in ghana
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Transcript of Doing business in ghana
Introduction
Laws and Regulations
Starting a Business in Ghana
Investment Opportunities in Ghana
Q & A
Presentation Summary
The key legislations related to investment and business formation in Ghana are:
The Ghana Investment Promotion Centre Act 2013.
The Ghana Companies Act, 1963(Act 179)
Ghana Free Zones Act, 1995 (Act 505) The Internal Revenue Act, 2000 (Act 592) Fisheries Act, 2002 (Act 625) Forestry Commission Act, 1999 (Act 571) National Communications Authority Act, 1996 (Act 542) Petroleum (Exploration & Production) Law, 1984 (PNDCL 84) The Minerals Commission Act, 1993 (Act 450) The VAT Act, 1998 (Act 546) Banking Law, 1989 (PNDCL 225) Environmental Conservation Act The Labour Act, 2003 (Act 651) The Labour Act, 2003 (Act 651) Foreign Exchange Act, 2006 (Act 723)
TYPES OF BUSINESS ORGANIZATIONS IN GHANA.
i. Sole Proprietorship
ii. Partnership Business
General Partnership
Limited Partnership
Unlimited Company
Public and Private Companies
Cooperatives
External Company
Company limited by Shares
Company Limited by Guarantee
Tax holidays (from start of operation, may change)
Real Estate - 5 yearsRural Banks - after 10 years tax holiday 8%Cattle Ranching - 10 yearsTree cropping (e.g. coffee, oil palm, shea-butter and coconut) - 10 yearsLivestock excluding cattle and poultry - 5 yearsFish farming, poultry and cash crops - 5 yearsAgro-Processing (converting fish, livestock into edible canned products) - 5 yearsWaste processing (including plastics and polythene) - 7 yearsFree Zone Enterprise/Development - after 10 years of operation 8%
Oil and Gas
Energy
Infrastructure
Agriculture
Manufacturing
Services
Tourism
Investment Opportunities
Joyce Williams
Law Day Presentation
Embassy of Ghana, Washington D.C
September, 2014
Tel: 602 505 5207