We also work with ghanaian businesses interested in purchasing the. More business ideas and investment opportunities in ghana. This measure shows how close each economy is to global best practices in business regulation. Business registration a registrar generals department rgd the registrar generals department is the organization that registers all companies societies and institutions in ghana. In as much as we have endeavoured to take reasonable care in compiling this publication, which presents the position of ghana in respect of the geographic facts, economic performance, economic sectors, investment climate, forms of business organisations. The doing business 2020 study shows that developing economies are catching up with developed economies in ease of doing business. Doing business in ghana doing business in ghana the industry sector recorded the highest growth of 11. Ghana is also among the few countries that recorded a pickup in economic.
Ghana ranks 26th globally and 2nd in africa in the 2016 world press freedom index which measures the pluralism, independence of the media, quality of legislative framework and safety of journalist in each of the 180 countries in the ranking. The 2016 world bank doing business data shows that subsaharan africa has the lowest creditor recovery rate than any other region in the world 20 cents on the dollar, compared to 72. The law regulating the formation of companies is the companies code, 1963 act. Ghanas finance ministrer, seth terkper, projected economic growth of 5.
Uganda is ranked 168th for starting a business, requiring 15 proceduresseven more than the average for subsaharan africa. Taxable profits are based on profits declared in audited accounts subject to adjustments made for capital allowances. How to open a business account in ghana by taking a closer look at the state of doing business in ghana, the hardest part is simply getting the project flagged off. As part of a twoyear update in methodology, doing business 2016. The gipc mandate the ghana investment promotion centre gipc is a government agency reestablished under gipc act 20, act 865 to promote, coordinate and facilitate investments in and into the ghanaian. The most recent elections were in 2016, with the country experiencing a smooth transition in government. Embassy is dedicated to promoting and protecting u.
A no practice economy receives a score of 0 on the reliability of supply and transparency of tariff index regardless of the regulatory practices that are. Strategy toward subsaharan africa, under which the united states will pursue four objectives in the region. The last elections were held in 2012, and the next elections are expected in 2016. Doing business 2018 is the 15th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Secretary of commerce wilbur ross announced that the department of commerce, on behalf of the president. In this second post we will be sharing insights on the ghana business environment. Doing business 2018 is the 15th in a series of annual reports investigating the regulations. Presidents advisory council on doing business in africa.
This guide will give investors a high level overview of nigeria which should hopefully lead to a more detailed and tailormade analysis required in making informed decisions about doing business and investing in nigeria. For information on your sector in ghana including characteristics of the market, opportunities and. Figure starting a business in ghana procedure, time and cost this symbol is shown beside procedure numbers that take place simultaneously with the previous procedure. Economies are ranked on their ease of doing business, from 1190. According to statistical report from the world bank, in the 2016 doing business data for ghana, the ease of doing business rank out of 189 economies, you will see in below stats that proves we need to do more as a country in doing business and address our challenges going forward. The ministry of sanitation and water resources mswr in collaboration with the ghana water company limited gwcl is supplying 30,000 litres of water to residents of chorkor in accra on daily basis till the end of.
The government of ghana is committed to implementing policies that reduce the general cost of doing business in ghana and to promote investor confidence in the country. Ghana reduced the documentary and border compliance. Companies operating in ghana are liable to pay varied levels of taxes depending on the sector of operation, and the location of the project and whether the company is listed on the ghana stock exchange. The academic research for the report was done jointly with professors oliver hart and andrei shleifer. Africa round table 67 october 2016 freedom to fail. Ambassador to ghana is to increase trade and strengthen the business relationships between the united states and ghana. Doing business and investing in ghana 2018 is published by. The ideal candidate will have experience in all stages of the sales cycle. The cheap but mostly literate labor could also be an advantage to most people that are looking to doing business in ghana. Economies are ranked on their ease of doing business. Doing business in ghana procedures and costs of doing business in ghana.
These efforts have paid off tremendously with ghana being ranked the best place for doing business in west africa, ahead of nigeria and cote divoire, according to the 2017 ease of doing business report. Nigeria, among other subsaharan african countries, is a focus market under the u. Our 2018 doing business and investing in g hana publication is intended to provide a quick overview of the business environment in ghana. We provide a wealth of information to help you do business in ghana. Prior to the 1952 revolution, egypt was a constitutional monarchy. Chief executive officer ghana investment promotion centre. This page includes a chart with historical data for ease of doing. They should have evidence of strong skills and possess good negotiatio an amazing resort within the safari group, will soon introduce unto the market a unique product, a kind. The ghana investment promotion centre gipc is a government agency reestablished under gipc act 20, act 865.
The doing business 2017 report, titled equal opportunity for all, released last week, showed that ghana was placed at position 108 out of 190. For more information on the tax rates in 2011 visit website. The constitution provides a clearly defined separation of powers among the. Doing business in ghana ghana investment promotion centre. The doing business project provides objective measures of business regulations and their enforcement across 190 economies. The commodity boom may be over, and barriers to doing business are everywhere. As of 2016, the world bank ranked guinea 165th out of 189 countries worldwide in its annual ease of doing business index. Ghana ranked 108, an improvement from the 111 rank in the previous report. Doing business in ghana difficulties and ways forward. Probusiness reforms bolster the trade and investment outlook. The industry sector recorded the highest growth of 11. Although there are a number of waste management companies in ghana as of present, the country is still battling with more burden of filth than these companies can handle.
I am proud that our embassy, led by the usaid, economic, agriculture and commercial sections, continues to play a leading role in engaging the u. The broadcast media in ghana is the strongest, with radio being the most far reaching medium of. The rank of ghana deteriorated to 118 in 2019 from 114 in 2018. Doing business 2017 is the 14th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Apr 04, 2016 according to statistical report from the world bank, in the 2016 doing business data for ghana, the ease of doing business rank out of 189 economies, you will see in below stats that proves we need to do more as a country in doing business and address our challenges going forward. It would be unwise to attempt to enter the market without doing thorough market research or becoming familiar with the business environment, as well as the legal and regulatory frameworks. Doing business in ghana procedures and costs of doing. Ease of doing business in ghana 20082019 data 20202022. Ghana market overviewghana market overview discusses key economic indicators and trade statistics, which countries are dominant in the market, the u. The ease of doing business index is an index created jointly by simeon djankov and gerhard pohl, two leading economists at the central and eastern europe sector of the world bank group. Transparency internationals 2015 corruption perception index ranked guinea as 9th of 167 countries and territories listed. A higher score indicates a more efficient business environment and stronger legal institutions. Mar 15, 2017 doing business in ghana isnt without its challenges, though. Apr 11, 2017 ghana faces significant macroeconomic challenges following a large budget deficit of 10.
The scores for both doing business 2015 and doing business 2016 are based on the new methodology. Macroeconomic targets for 2016 doing business in ghana 25 july 2016 overall gdp including oil 5. Parliamentary and presidential election was held every four years in accordance with the provisions of the 1992 constitution. Ghana moves up ease of doing business index graphic online. The ghana country commercial guide presents a comprehensive look at the countrys commercial environment. Doing business sheds light on how easy or difficult it is for a. Doing business in ghana isnt without its challenges, though.
Ease of doing business in ghana 20082019 data 2020. Training for reform report, released today the latest reforms were a significant increase over the 83. Doing business guide sector briefings overseas business risk obr ukti has produced a guide aimed at companies experienced in overseas trade who are new to doing business with ghana. Higher rankings a low numerical value indicate better, usually simpler, regulations for businesses and. The economy still has a struggle ahead, and although its 2016 estimated economic growth of 3. Doing business in ghana ministry of business development. Doing business in ghana kpmg ghana kpmg international. If new commercial connections to the electricity grid were not issued in a given year, or if electricity is not provided during that period, the economy receives a no practice mark on the procedures, time and cost indicators. We kicked off our doing in business africa series by taking a closer look at zambia. Invest in ghana a stable springboard into west africa deloitte. Companies operating in ghana are liable to pay varied levels of taxes depending on the sector of operation and whether the company is listed on the ghana stock exchange. They should be confident with building new client relationship and maintaining existing ones. The rankings are determined by sorting the aggregate scores formerly called distance to frontier on 10 topics, each consisting of several indicators.
With a stable multiparty government that is committed to. An entrepreneur in a lowincome economy typically spends around 50 percent of the countrys percapita income to launch. Our 2018 doing business and investing in ghana publication is intended to provide a quick overview of the business environment in ghana. Uganda is ranked 161st for dealing with construction permits, requiring 18. There are many opportunities for uk business in ghana. The presidents advisory council on doing business in africa pacdbia advises the president, through the secretary of commerce, on ways to strengthen commercial engagement between the united states and africa. With a stable multiparty government that is committed to market liberalization, ghana has been ranked as one of the most attractive locations for doing business in africa. Ghana is ranked 118 among 190 economies in the ease of doing business, according to the latest world bank annual ratings.
1244 101 443 1391 1358 433 864 239 424 1198 1194 601 1426 1328 898 1505 818 966 252 1438 133 1602 1388 636 190 1528 741 1064 856 1136 1595 886 131 912 144 868 1299 467 1466 1112 818 635 1124