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 Kingdom of Spain 6-October — Sanctity of contracts ensures respect for commercial rights and obligations. In the words of H. 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 – 14 – Annual Report. 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.
Section – 20 – Export Trading Enterprises Exempted. This Act does not apply to mining and petroleum enterprises. Republic of Guinea May- The Board actt, on the recommendations of the Chief Executive, create such departments in gupc Centre as it may consider necessary for the efficient discharge of the functions of the Centre. Section – 6 – Committees Of The Board. Leave a Reply Cancel reply. The enterprises specified in the Axt to this Act are reserved for Ghanaians and may not be undertaken by a non-Ghanaian.
Section – 26 – Priority Areas. Section – 31 – Assistance To Enterprise. These laws are based on a framework of legislation glpc to business activity, copyrights, patents, trademarks, disputes and labour relations. The details are indicated in the following tables. 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 – GhanaLegal – Legal Portal for Ghana
Doing Business and Applicable Laws in Ghana Laws applicable to the operation of business in Ghana conform to international standards and best practice. Section – 18 – Enterprises Reserved For Ghanaians. 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.
Section – 24 – Exemption Of Non-zero-rated Items.
Republic of Cuba 3-November 3. Section – 2 – Objects Of Centre. 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.
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.
The Swiss Confederation 8-October January 6. Section – 39 – Regulations. The financial year of the Centre shall be the same as the financial year of the Government. Mediation, arbitration and other alternative forms of dispute resolution are readily available and routinely used. Ghana is open for business again! Egypt March- 6. Section – 30 – Immigrant Quota.
Section – 36 – Repeals And Saving. Ghana is a member of the Multilateral Investment Guarantee Agency MIGA of the World Bank, which provides investment guarantees against non-commercial risks for investments in developing countries.
Key Investment related legislation in Ghana includes the following: Section – 3 – Functions Of The Centre.
Laws & Regulations
Republic of Burkina Faso May Section – 37 – Transitional Provisions. Section – 35 – Offences And Penalty. 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.
Section – 9 – Department Of The Centre.
The Kingdom of the Netherlands March 1-July 3. Section – 33 – Technology Transfer Agreement. The vision and policy direction of the new government gopc one of hope, jobs, wealth creation, and a robust economy that supports a thriving private sector.
The Kingdom of Denmark January- 6-January- 5. Section – 21 – Establishment Of Enterprises.