Ghana's wealth of resources, democratic political system and dynamic economy, makes it undoubtedly a beacon of Africa. Gaining the world's confidence with a peaceful political transition and a grounded and firm commitment to democracy has helped in expediting Ghana's growth in foreign direct investment (FDI) in recent years.
Ghana has attracted the attention of well-known international businesses, investing in all sectors of our economy. All these investors have come to Ghana because they know we have a wonderful conducive social, political and economic environment in which they can invest, grow and be successful.
Building on significant natural resources, our dear nation is committed to improving its physical infrastructure. Moreover, Ghana has recently embarked on an ambitious but achievable reform programme to improve the investment climate for both local and international investors. These efforts have paid off tremendously with Ghana being recognized by the World Bank as a Top 10 Reformer (Doing Business Report, 2008) for the second year running. Ghana also won the award for "Best Investment Climate" at the CBC-African Business Awards of 2008. Also, even during the global economic downturn countries did not show impressive growth levels due to the global economic downturn, Ghana had an economic growth rate of 7.3% which is unprecedented in our history.
As happy as we are to receive such recognition, we are even happier to see increased investments and reinvestments in Ghana as a result of these ongoing reforms.
Ghana, like our dear family Nigeria, has a solid tradition of investments in agriculture and agro-processing. The financial services and telecommunications sectors are fast gaining ground, providing dynamic and innovative services to the most diverse customers in the world. Further opportunities exist in manufacturing, ICT, and Tourism. Mineral deposits including gold and diamond abound, and with the discovery of oil, Ghana's famous black star has never shone brighter.
The Ghana Chamber of Commerce and Industry wish to welcome you all to our beautiful country. We trust you will find our reputation for unparalleled hospitality well-deserved, and our ability to triumph in challenging circumstances as steadfast as ever. We re-affirm our commitment to moving our continent forward and look forward to very useful engagements between all stakeholders.
Advantages for Doing Business in Ghana
- Stable, multi-party government
- Demonstrated commitment to market liberalization
- Ongoing privatizations in key economic sectors
- Expanding stock market
- Competitive labor force
- Ongoing infrastructure development
- Export free zones where goods traded with other countries are exempt from customs duties and laws and ETLS(Ecowas Trade Liberalization Scheme)
- Immediate access to all markets of the Economic Community of West African States (ECOWAS)
- Quota-free access to U.S. and European Union markets
- Member of the World Trade Organization (WTO)
- Official language: English