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.
|Published (Last):||17 June 2009|
|PDF File Size:||13.84 Mb|
|ePub File Size:||15.53 Mb|
|Price:||Free* [*Free Regsitration Required]|
Republic of Mauritius May 5. In the words of H.
Section – 31 – Assistance To Enterprise. For the purposes of promoting identified strategic or gipx 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 – 9 – Department Of The Centre.
Egypt March- 6. The Kingdom of Spain 6-October — Sanctity of contracts ensures respect for commercial rights and obligations.
Laws & Regulations
The Centre shall provide to an enterprise such assistance and guidance as gipcc enterprise may require and shall act as liaison between the enterprise and relevant government departments, agencies and other public authorities. 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.
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.
Damages are compensatory, not punitive, and an Independent Court system ensures equitable protection of rights. Section – 14 – Annual Report. The Swiss Confederation 8-October January 6. Section – 26 – Priority Areas. Subject to this section an enterprise to which this Act applies gipd 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.
The enterprises specified in the Schedule to this Act are reserved for Ghanaians and may not be undertaken by a non-Ghanaian. Section – 37 – Transitional Provisions. Laws applicable to the operation of business in Ghana conform to international standards and best practice. Section – 18 – Enterprises Reserved For Ghanaians. Republic of Guinea May- Section – 21 – Establishment Of Enterprises. Section – at – Guarantee Against Expropriation. Ghana is open for business again!
Section – 17 – Application Of Act. Section – 20 – Export Trading Enterprises Exempted.
Ghana Investment Promotion Centre ACT, Act | Laws
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.
Adt 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 assign to them such functions as the Board may determine except that a committee composed entirely of non-members may only advise the Board. Doing Business and Applicable Laws in Ghana Laws applicable to the operation of business in Ghana conform to international standards and best practice.
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. 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.
Glpc financial xct of the Centre shall be the same as the financial year of the Government. Section – 6 – Committees Of The Board. 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.
Ghana Investment Promotion Centre ACT, 2013 Act 865
Section – 40 – Interpretation. Republic of Benin May Republic of Botswana July 8. Socialist Republic of Romania September 4. The Centre shall be responsible to the President.
Section – 39 – Regulations. Republic of Cuba 3-November 3. Section – 35 – Offences And Penalty. The vision and policy direction of the new government is one of hope, jobs, wealth creation, and a robust economy that supports a sct private sector. Section – 25 – Incentives For Special Investments. Section – 23 – Benefits And Incentives. Leave a Reply Cancel reply.
Home Sections Expand All Print.
Section – 30 – Immigrant Quota. Key Investment related legislation in Ghana includes the following: The details are indicated in the following tables.
Ghana Investment Promotion Centre Act – GhanaLegal – Legal Portal for Ghana
Section – 1 – Establishment Of Centre. Section – 33 – Technology Transfer Agreement. Section – 29 – Dispute Settlement Procedures. Any enterprise which desires to avail itself of the incentives provided under section 23 of this Act but whose plant, machinery, equipment or parts thereof are not zero-rated under the Customs Harmonised Commodity and Tariff Code scheduled to the Customs, Excise and Preventive Service Law, PNDCL may submit an application for exemption of import duties, sales tax or excise duties on the plant, machinery, equipment or parts thereof to the Centre.
Section – 13 – Financial Year Of Centre.