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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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.
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. The Kingdom of Denmark January- 6-January- 5.
Section – 32 – Personal Remittances. Republic of Botswana July 8. 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. Section – 9 – Department Of The Centre. 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.
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 – gjpc – Financial Year Of Centre. Section – 33 – Technology Transfer Agreement. Ghana is open for business again! The financial year of the Centre shall be the same as the financial year of the Government. Section – 26 – Priority Areas. 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 of 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.
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 acg Ghana. Notwithstanding section 15 of this Act, the President may on the advice of the Board in writing request the Registrar-General, the Director of Immigration and the head of any government Department to station at the offices of the Centre such public officers as may be specified therein and the request shall be complied with.
Republic of Burkina Faso May The enterprises specified in the Schedule to this Act are reserved for Ghanaians and may not be undertaken by a non-Ghanaian.
The Centre shall be responsible to the President.
Ghana Investment Promotion Centre ACT, Act | Laws
Egypt March- 6. Home Sections Expand All Print. Section – 23 – Benefits And Incentives. Damages are compensatory, not punitive, and an Independent Court system ensures equitable protection of rights. Republic of Cuba 3-November 3. Laws applicable to the operation of business in Ghana conform to international standards and best practice.
Section – 17 – Application Of Act.
Section – 2 – Objects Of Centre. Section – 39 hipc Regulations. 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.
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Republic of Benin May Section – 35 – Offences And Penalty. The Kingdom of Spain 6-October — Section – 25 – Incentives For Special Investments. Leave a Reply Cancel reply. Section – 14 – Annual Report. This Act does not apply to mining and petroleum enterprises.
Sanctity of contracts ensures respect for commercial rights and obligations. Section – 31 – Assistance To Enterprise.
Section – 28 – Guarantee Against Expropriation. Section – 1 – Establishment Of Centre. 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.
In the words of H. Section – 21 – Establishment Of Enterprises.
Ghana Investment Promotion Centre ACT, 2013 Act 865
Socialist Republic of Romania September 4. The Swiss Confederation 8-October January 6. The details are indicated in the following tables. The Board may, on the recommendations of the Chief Executive, create such departments in the Centre as it may consider necessary for the efficient discharge of the functions of the Centre.
Section – 40 – Interpretation. Republic of Qct May 5.
GIPC ACT | Kasser Law Online
Other initiatives include the establishment of one multi-purpose industrial gkpc in each administrative region, One District, One Factory, Planting for Food and Jobs as well as the development of strategic anchor industries as new pillars of growth for the Ghanaian economy. The Kingdom of the Netherlands March 1-July 3. Republic of Guinea May-