GIPC ACT PDF

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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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Ghana Investment Promotion Centre Act – GhanaLegal – Legal Portal for Ghana

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. 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.

These laws are based on a framework of legislation relating to business activity, copyrights, patents, trademarks, disputes and labour relations. Section – 39 – Regulations. The financial year of the Centre shall be the same as the financial year of the Government. Home Sections Expand All Print. Ghana is open for business again!

Section – 21 – Establishment Of Enterprises. Section – 10 – Responsibility For The Centre. Section – 33 – Technology Transfer Agreement. Key Investment related legislation in Ghana includes the following: Republic of Benin May Republic of Botswana July 8.

Section – 30 – Immigrant Quota. Republic of Burkina Faso May 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.

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Section – 31 – Assistance To Enterprise. Mediation, arbitration and other alternative forms of dispute resolution are readily available and routinely used. Acg the acg of H. 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.

Section – 37 – Transitional Provisions. The Kingdom of Spain 6-October — Section – 36 – Repeals And Saving. 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.

Federal Republic of Yugoslavia April- Ghana is a member of the Multilateral Investment Guarantee Agency MIGA of the World Bank, which provides investment guarantees against non-commercial hipc for investments in developing countries. Section – 2 – Objects Of Centre. Section – 9 – Department Of The Centre. The Centre shall be responsible to the President. Sanctity of contracts ensures respect for commercial rights and obligations.

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.

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Section – 28 – Guarantee Against Expropriation. Section – 35 – Offences Gjpc Penalty.

GIPC ACT | Kasser Law Online

Section – 25 – Incentives For Special Investments. There are also numerous Public sector Ministries, Departments and Agencies as well as private legal, business consulting and gipv firms, which provide expert guidance on doing business in Ghana. Leave a Reply Cancel reply. The Ghana Investment Promotion Centre Act, Actprovides guarantees including prohibition against discrimination and expropriation to all enterprises. Section – 24 – Exemption Of Non-zero-rated Items.

Laws & Regulations

This Act does not apply to mining and petroleum enterprises. The Kingdom of Denmark January- 6-January- 5.

Section – 17 – Application Of Act. Section – 26 – Priority Areas. Section – 32 – Personal Tipc. The Kingdom of the Netherlands March 1-July 3. 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 – 14 – Annual Report. 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.

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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.