DOING BUSINESS IN GHANA

 

Doing business in Ghana
The stable investment climate in Ghana has been described as the most receptive in the West African sub-region, making it the obvious choice for investors.
The security, ongoing infrastructural development, information technology structures and the mature human resource base are the requisite attraction for foreign investments.

Archer, Archer & Co provides key business and legal information geared specifically for investors interested in doing business in Ghana.  We do not mean to serve as a sole information source, but provide well-organised and succinct information, as well as links to more detailed information for interested investors.

 

Some of the government agencies and department we deal with on behalf our clients are
Securities and Exchange Commission ---- www.secghana.org

The primary Mission of the Ghana Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities market. As more and more first-time investors begin to look upon the securities market as an alternative investment opportunity and as a means of securing their futures, paying for homes, and educating children, these goals are more compelling than ever.
 Ghana National Petroleum Corporation--- www.gnpcghana.com
The Corporation was established with the following objects:

  • To accelerate the promotion of petroleum exploration activities to ensure early commercial discovery and production
  • To undertake the appraisal of existing petroleum discoveries to ensure production to meet national requirements
  • To ensure that Ghana obtains the greatest possible benefits from the development of its petroleum resources
  • To obtain the effective transfer to Ghana of appropriate technology relating to petroleum operations
  • To ensure the training of citizens of Ghana and the development of national capabilities in all aspects of petroleum operations and;
  • To ensure that petroleum operations are conducted in such a manner as to prevent adverse effects on the environment, resources and people of Ghana.
 
Ghana Stock Exchange --- www.gse.com.gh  
The Ghana Stock Exchange (GSE) was incorporated in July 1989 with trading commencing in 1990. It currently has around 20 listed companies and 2 corporate bonds. All types of securities can be listed. Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency.
Bank Of Ghana --- www.bog.gov.gh
The Central Bank of Ghana traces its roots to the Bank of the Gold Coast (BCG), where it was nurtured. As soon as local politicians and economists saw political independence in sight in the mid 1950’s the agitation for a central bank was revived. It was argued that a central bank was one institution which would give true meaning to political independence.
Ghana Investment Promotion Centre -- www.gipc.org.gh
The Ghana Investment Promotion Centre (GIPC) is a government agency, re-established under the Ghana Investment Promotion Centre Act, 1994 (Act 478): To encourage, promote and facilitate investments in all sectors of the economy except mining and petroleum.
Custom Exercise And Preventive Service -- www.ceps.gov.gh
The Customs Excise and Preventive services (CEPS) is the statutory body established to collect, account and protect customs, excise, other assigned tax revenues and facilitate trade across the country’s borders.
National Petroleum Authority -- www.npa.gov.gh
The Authority regulates, oversee and monitor the Petroleum Downstream Industry to ensure efficiency, growth and stakeholder satisfaction.
Ministry Of Energy -- www.energymin.gov.gh
The Ministry of Energy has the responsibility for developing and implementing energy sector policy in Ghana and also supervises the operations of Ghana National Petroleum Corporation, the Tema Oil Refinery, the Volta River Authority and the Electricity Company.

Additionally, we have Ministerial oversight responsibility over the Energy Commission.
Ghana Immigration Service -- www.ghanaimmigration.org
The Ghana Immigration Service has been established as the agency of the government of Ghana to advise on and to ensure the effective implementation of all laws and regulations pertaining to immigration and related issues.
Minerals Commission -- www.ghana-mining.org
The Commission's primary responsibility is to foster the efficient and effective regulation and management of the utilization of Ghana's mineral resources. This we will accomplish through the development of a solidly knowledge-based, self-led organization, which recognizes that mining investment would take place and be sustained only if it is under Win-Win circumstances.
Ghana Free zone board -- www.gfzb.gov.gh
The Ghana free zones Board, which is the Government agency responsible for the implementation of the programme, is achieving positive results.  Its important and expected role requires the Board to be the channel through which the export-led development policy is achieved.  In view of this, the Board has positioned itself to provide the needed infrastructure and efficient services to investors in the free zone.
Ministry Of Trade and Industries— http://www.moti.gov.gh
The Ministry of Trade & Industry is the lead policy advisor to the government on Trade, industrial and private sector development with responsibility for the formulation and implementation of policies for the promotion, growth and development of domestic and international trade, and industry. The Ministry is also the advocates for the private sector within government and is the principal agency responsible for monitoring the implementation the Governments  private sector development programs and activities.
National Communication Authority—  www.nca.org.gh
NCA  was set  Is to regulate the communications industry by setting and enforcing high standards of competence and performance to enable it to contribute significantly and fairly to the nation's prosperity through the provision of efficient and competitive services.
Ministry of Lands, Forestry & Mines--- http://www.ghana-mining.org
The Ministry of Lands, Forestry and Mines exists to ensure the sustainable management and judicious utilization of the nations Lands Forestry and Wildlife resources for Socio-economic development and equitable growth of Ghana.
 
 
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