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.
Among other factors that make Ghana unique as an investment destination of choice in the sub-region are:
A stable political environment within the West African sub region
Abundant, adaptable and easily trainable labour force.
A competitive daily minimum wage rate
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
Strategic and central location with West Africa providing access a market of 250 million people
An already existing industrial base
Availability of a stock exchanges as well as other bank and non-banking financial institutions
A dynamic private sector willing to collaborate with foreign partners
A committed and progressive government to private sector participation
A high degree of personal safety
A truly hospitable people
Ghana is a safe investment destination. Guarantees against expropriation of private investments provided under law are buttressed by the Ghanaian Constitution. Some investment guarantees are detailed below:
Free transferability of capital, profits and dividends.
Insurance against non-commercial risks – Ghana is a signatory to the World Bank’s Multilateral Investment Guarantee Agency (MIGA) Convention.
Double Taxation Agreements (DTAs) – to rationalize tax obligations of investors in order to prevent double taxation. DTAs have been signed and ‘ratified with several countries