The Royal Akyem Kingdom

Historical Background

•Emerged during 14th Century

•One of the five (5) Akan States[Assin, Adanse, Denkyira, Akyem, Asante]

•Migrated from Central Africa

Location & Vegetation

•Single Largest traditional state

•Population: approx. 1.5 Million

•Land area: 5204 squared kilometers

•Longitude 10 00’ West and 00 15’ West

•Latitudes 50 45’ North and 60 45’ North

Location & Vegetation

Political

OKYENHENE

Adonten Division

Nifa Division

Gyase Division

Oseawuo Division

Benkum Division

Health

• 80 state managed health institutions and 25 private hospitals and clinics

• Doctor to patient ratio stands at 1:28,000

• Malaria remains # 1 killer disease although HIV/AIDS is in top ten

• Inadequate health personnel & uneven distribution of facilities

Transport

• About 300 km of primary roads, 200 km secondary roads, and about 75 km of railways

• Other access roads, tracks, paths and footbridges make up the transport infrastructure

Forestry

• Forest Reserve comprises 60.5% of the original forest cover of the Eastern Region of Ghana

Area Size (Sq m) Size (Sq Km) Size (Acres)

Atiwa Forest Reserve 58,000,000 58 14,332

Apedwa Reserve 25,000,000 25 6,178

Southern Scarp 59,000,000 59 14,579

Reserve 122,900,000 123 30,369

Reserve 109,390,000 109 27,031

Extension 42,000,000 42 10,378

Total 416,290,000 416 102,867

Tourism•The Seismological Station

(Kukurantumi)•Historical Whetting Rocks•Prebi Stream•Nana Obuo Sacred virgin forest •The Butterfly sanctuary •The monkey sanctuary •Obodanase Cave and Stone Church Hse• Obuahwe Cave

Tourism

•Bunso Arboretum•Trudu Waterfall •Akrumu Waterfalls •Suhurum Waterfalls •Mfojo Waterfall•Kentenkren Waterfall •Ancestral Cave •Akusu waterfall

Tourism

•War Cave •Hunters Cave•Snake Palm tree •Adasawase Caves Complex •Natural “Bottomless” Pit •Giant Tree•Okyenhene’s palace at

Kyebi

Agriculture

• Rainfall is 130.5mm and 226.6 mm. •Non-traditional crops like black pepper, sunflower •Bee-keeping, mushroom, tomatoes, garden eggs, pepper for export on a large scale.•Irrigation farming using Volta Lake

Agriculture

• Several agro based industries in the Kingdom•2 major processing companies in the Kingdom are the Ghana Oil Palm Development Co. Obooma Palm Oil mills•Two research institutions which deal with oil palm and citrus

Mineral Production

•Bauxite deposits have been estimated at 182 million tonnes•Ghana produced 283,400 carats of

diamonds in 2011.•Estimated 11million reserves estimated

around the Birim River in the Kingdom•Gold production for 2011 - 3.6 million

ounces up from 3.4 million ounces in 2010

Investing in Ghana

•There is custom duty exemption for agricultural, and industrial plant, machinery and equipment imported for investment

•Agro processing – the business of converting crops, fish or livestock produced in Ghana into edible canned or other packaged product other than in their raw state – 5 years exemption

Investing in Ghana

Exemptionsi. Tax Holiday (from start of operations)

a. Real Estate: The income of a company from a business of construction for sale or letting of

residential premises is exempt for five (5) years from the date of commencement of

operations.b. Rural Banks: 10 years

Investing in Ghana

Exemptionsc. Agriculture and agro-industry:

Cocoa farmers and producers – income tax exempt

Cattle ranching - 10 yearsTree cropping (e.g. coffee, oil palm, shea

butter, rubber and coconut) –10 yearsLivestock excluding cattle and poultry - 5 yearsFish farming, poultry and cash crops - 5 years

Investing in Ghana

ExemptionsWaste Processing (including plastics and

polythene) – 7 years

Free Zones Enterprise/Development - 10 years and 8% thereafter.

Investing in GhanaLocational Incentives (Tax Rebates)

a) Manufacturing industries located in regional capitals other than

Accra and Tema - 25 % rebateElsewhere - 50% rebate

b) After the initial 5-year tax holiday period, agro-processing enterprises, which use local agricultural raw materials as their

main inputs, shall have corporate tax rates fixed according to their location as follows:Accra-Tema – 20%

Other Regional Capitals – 10%Outside Regional Capitals – 0%

Northern, Upper East, Upper West Regions – 0%

Investing in Ghana

Investment Guarantees•Free Transferability of Capital, Profits and

Dividends •Insurance Against Non-Commercial Risks•Double Taxation Agreements•Investment Promotion and Protection

Agreements

Investing in Ghana•Free zone investors do not require any

minimum capital investment. However, investors must indicate their ability to fulfill the minimum

70% export requirement  Activity Initial Fee Annual Renewal Fee

Developer  US$4,000.00 US$2,400.00   

Manufacturing US$2,000.00 US$1,600.00

Service US$3,000.00 US$2,000.00 

Commercial US$5,000.00 US$4,000.00

Investing in The Kingdom

•Information Communication Technology•Sports/ Sports Medicine•Education•Agro Processing (Oil palm and Fruit)•Plantation (Oil Palm and Rubber)•Mining (Gold, Kaolin, Diamond)

Why Invest

Ghana is strategically located within West Africa with easy access to one of Africa’s biggest markets with a population of 250 million people. Ghana’s location together with its relative stability makes Ghana a gateway for regional trade and investment

Why Invest

•No restrictions on issuance of work and residence permits to free zone investors

and employees•Duty free access of manufactured exports

to USA (AGOA) and European Union markets

•Excellent sea and air connections with Europe and USA

Why Invest

•An already existing industrial base.•Availability of land in the Kingdom

without any encumbrances•Stature and credibility of the King in assisting to set up business in Ghana•A competitive minimum wage rate

Why Invest•A stable political environment•Abundant, adaptable and easily trainable labour force. •Adult literacy rate of 65% with 71.7% male and 58.3% female. •83 percent of the children in Ghana are in school, making it one of the countries with the highest school enrolment rates in West Africa. •Ghana can also boast of highly educated persons who have been trained abroad and have excelled in the various industries.