Ley De Inversiones Ghanesa

Ghana Investment Act
SCHEDULE
(Section 18)
ENTERPRISES WHOLLY RESERVED FOR GHANAIANS
1. The sale of anything whatsoever in a market, petty trading, hawking or selling
from a kiosk at any place.
2. Operation of taxi service and car hire service. (A non-Ghanaian may undertake
this service provided he has a minimum fleet of ten new vehicles).
3. All aspects of pool betting business andlotteries, except football pools.
4. Operation of beauty saloons and barber shops.
ESTABLISHMENT OF GHANA
INVESTMENT PROMOTION
CENTRE AND RELATED
PROVISIONS

Establishment of Centre

Object of Centre

Functions of the Centre

The Board of the Centre

Meetings of the Board

Chief Executive of the Centre

The Secretary and other staff of the Centre

Departments of the Centre

Responsibility for the Centre

Expenses and funds of the Centre

Accounts and audit of the Centre

Financial year of the Centre

Annual Report

Relationship with other public authorities

Stationing of public officers at the Centre
PART I - ESTABLISHMENT OF GHANA INVESTMENT PROMOTION
CENTRE AND RELATED PROVISIONS
Establishment of Centre
1. (1) There is established by this Act a bodycorporate to be known as the Ghana
Investment Promotion Centre, referred to in this Act as the "Centre".
(2) The Centre shall have perpetual succession and a common seal and may sue and
be sued in its corporate name.
1. The Centre shall have power for the discharge of any of its functions, to
acquire and to hold movable and immovable property, to dispose of property
and to enter into anycontract or other transaction.
Object of Centre
2. (1) The object of the Centre is to encourage and promote investment in the
Ghanaian economy.
(2) The Centre shall be the agency of government to co-ordinate and monitor all
investment activities to which this Act applies.
Function of the Centre
3. For the purpose of section 2, the Centre shall have the following functions -
(a) initiate andsupport measures that will enhance the investment climate in the
country for both Ghanaian and non-Ghanaian companies;
(b) promote investments in and outside Ghana through effective promotional means;
(c) collect, collate, analyse and disseminate information about investment
opportunities and sources of investment capital, and advise upon request on the
availability, choice or suitability ofpartners in joint-venture projects;
(d) register and keep records of all enterprises to which this Act is applicable;
(e) identify specific projects and invite interested investors for participation in those
projects;
(f) initiate, organize and participate in promotional activities such as exhibitions,
conferences and seminars for the stimulation of investments;
(g) maintain liaison betweeninvestors and Ministries, Government departments and
agencies, institutional lenders and other authorities concerned with investments;
(h) provide and disseminate up-to-date information on incentives available to
investors;
(i) assist incoming and existing investors by providing support services including
assistance to procure authorities and permits required for the establishment and
operationof enterprises;
(j) evaluate the impact of the Centre on investments in the country and recommend
appropriate changes where necessary;
(k) register and keep records of all technology transfer agreements relating to
investments under this Act; and
(l) perform such other functions as are incidental to the attainment of the object of this
Act.
The Board of the Centre
4. (1) The governing bodyof the Centre shall be a Board which shall be responsible
for the discharge of the functions of the Centre.
(2) The Board shall consist of -
(a) a Chairman;
(b) a Vice-Chairman;
(c) the Chief Executive of the Centre; and
(d) five other members at least three of whom shall be persons selected from outside
the public services.
(3) The members of the Board shall be appointed by the...