Ghana Investment Promotion Center - iDiasporan

Ghana Investment Promotion Center

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About

The Ghana Investment Promotion Centre (GIPC) is a Government agency, responsible under the GIPC Act, 2013 (Act 865): to encourage and promote investments in Ghana, to provide for the creation of an attractive incentive framework and a transparent, predictable and facilitating environment for investments in Ghana.

 

 Our Mission 

To make GHANA “the first destination of choice for investing in Africa.”

Our Vision

To be the official and most accurate information hub for investors in Ghana by providing seamless “one stop shop – high value added "services.

 

Our Services

Investment Facilitation

The Ghana Investment Promotion Centre in pursuance of its mandate of coordinating and monitoring all investment activities facilitate investments by:-

  • Maintenance of liaison between investors and Ministries, Government departments and agencies, institutional lenders and other authorities concerned with investments;
  • Provision and dissemination of up-to-date information on incentives available to investors
  • Assisting incoming and existing investors by providing support services including assistance to procure authorities and permits required for the establishment and operation of enterprises.
     

Monitoring & Evaluation

The Ghana Investment Promotion Centre co-ordinate and monitor all investment by :-

  • Evaluating the impact of the Centre on investments in the country and recommends appropriate changes where necessary
  • Registering and keeping records of all enterprises to which this Act is applicable;
  • Registering and keeping records of all technology transfer agreements relating to investments under this Act

Objectives

The objectives of the Centre is to ;

  • Create an enhanced, transparent and responsive environment for investment and the development of the Ghanaian economy through investment; and
  • Encourage, promote and facilitate investment in the country.

 

Functions

For the purposes of attaining its objectives, the Centre shall, actively encourage, promote and facilitate investments into and within Ghana and shall:

  • Formulate investment promotion policies and plans, promotional incentives and marketing strategies to attract foreign and local investments in advanced technology industries and skill-intensive services which enjoy good export market prospects;
  • Initiate and support measures that will enhance the investment climate in Ghana for both Ghanaian and non-Ghanaian enterprises;
  • Initiate, organise and participate in promotional activities such as exhibitions, conferences and seminars for the stimulation of investments, to present Ghana as an ideal investment destination;
  • Collect, collate analyse and disseminate information about investment opportunities and sources of investment capital, incentives available to investors, the investment climate and advise upon request on the availability, choice or suitability of partners in joint venture projects;
  • Register, monitor and keep records of all enterprises in Ghana;
  • Register and keep records of all technology transfer agreements;
  • Identify specific projects and prepare project profiles on investments and joint venture opportunities in Ghana and attract interested investors for participation in those projects;
  • Bring about harmonisation in investment policy formulation through  coordination of the activities of all departtments of the Ghana Investment Promotion Centre other institutions and agencies;
  • Perform any other functions that are necessary for the attainment of the listed objectives.


  • Utilities
    Utilities

    The Market In Ghana, electricity accounts for about 9% of the total energy consumption. Energy consumption of Ghana is estimated at 6.6million TOE. Household electricity consumption is primarily for lighting and in some cases for cooking. Exports of electricity in 2010 amounted to US $119.56 million. The volume of electricity in million of kilowatt-hours exported in 2010 was 1,002.51.In 2011 and 2012 the value of electricity exported amounted to US$66,105,797.55 and 50,865,042.14 respectively. ( See Table 1). Table 1 Ghana: Value, Volume and Unit Price of Electricity Exports in 2010, 2011 and 2012. (In millions of US dollars, unless otherwise...

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