Category: Doing Business in Ghana

GENERAL OVERVIEW Ghana is one of the emerging oil and gas producers in the world. There has been considerable growth in this sector since oil was discovered in commercial quantities in 2007. Ghana has three major offshore oil and gas fields. These are the Jubilee, Tweneboa Enyera Ntomme (TEN) and Sankofa-Gye Nyame fields. These fields

GENERAL OVERVIEW There are various investment opportunities in the transportation in Ghana. Ghana’s transport sector consists of railway, roads, aviation and maritime operations. Each of these has various opportunities under it. ROADS Ghana’s roads are classified into trunk, feeder, and urban roads. Private and commercial vehicles are the main modes of road mobility in Ghana.

GENERAL OVERVIEW There has been significant growth in Ghana’s real estate sector over the past five years. It is one of the fastest-growing sectors in Ghana. This sector comprises the office market, the retail market, the industrial market and the residential market. OFFICE AND RETAIL Ghana’s office and retail market is run primarily by the

GENERAL OVERVIEW Ghana’s recreation and tourism sector consists of a rich display of different cultures, festivals, arts and crafts, forests, water bodies, wildlife and historical attractions. This sector provides employment opportunities to several Ghanaians. These include persons working in travel and tour companies, music and dance, handicrafts, hospitality and cuisine.  TOURISM INDUSTRY The tourism industry

GENERAL OVERVIEW OF THE ICT SECTOR The ICT sector in Ghana contributes around 5% to the total GDP of Ghana. This sector is projected to grow to $5 billion by the end of 2030. The industry includes internet service providers, software developers, training institutions and telecommunication service providers. The sector currently consists of 4 mobile

GENERAL OVERVIEW Manufacturing accounts for around 92 per cent of Ghana’s industrial enterprises. Manufacturing activities are generally regulated by the Ministry of Trade and Industry and other relevant government agencies such as the Ghana Standards Authority, the Food and Drugs Authority and the Ghana Free Zones Authority. The manufacturing industry in Ghana employs about 18.6%

Ghana’s agriculture sector is dominated by smallholder farmers who predominantly produce crops. 33% of Ghana’s workforce is directly employed in the agriculture sector. There are many investment opportunities in Agriculture in Ghana for various sub-sectors under the industry. GENERAL OVERVIEW The regulators of this sector include the Ministry of Food and Agriculture, the Ministry of

OVERVIEW The African Continental Free Trade Agreement (AfCFTA) is the agreement that established the African Free Trade Area, which aims at bringing African countries together to trade with each other to ultimately lead to regional and economic integration. The AfCFTA was formally signed in Kigali, Rwanda, on 21st March 2018 by forty-four (44) Heads of

Ghana is one of the fastest growing economies in Sub-Saharan Africa. There is a growing population, flexible government policies and structures for foreigner investors and strong labour force to work. It can be enticing as a foreigner in Ghana to get started with a business without going through the due process. To save you a

AN OVERVIEW OF SOME OF THE MAJOR TYPES OF TAXES IN GHANA FOR BUSINESSES IN GHANA IS AS FOLLOWS: Corporate Taxes: The corporate income tax (CIT) rate for most companies in Ghana is 25%. For companies engaged in mining and for companies in the upstream oil and gas sector, the CIT rate is 35%. Companies