Embed Size (px)
Citation preview
HOW GHANA HAS IMPROVED ITS EASE OF DOING BUSINESS INDICATORS
Mawuena Trebarh (Mrs.) – Chief Executive Officer
Ghana Investment Promotion Centre, gipcghana.com
Presentation Outline
Ghana: Salient Facts
Significant Reforms
Factors Driving Improvements
Ghana’s Doing Business Rankings
About GIPC
Ghana’s FDI Drive
GIPC Initiatives
Ghana: Salient Facts
Middle income country
West Africa’s 2nd largest economy and market
Population of 25.28m people
GDP US$ 38,303 bln in 2014
Best destination for ease of doing business in West Africa - World Doing Business Report 2014
Among the top 5 destinations for doing business in Sub-Sarahan Africa
31,028,253 m mobile voice subscribers as at Feb. 2015
Significant Reforms (2008- 2015)Ghana has in the last decade undertaken several measures to ensure extensive reform with the objective of putting the economy on a good footing.
Some Significant Reforms (2008-2015):
Computerization at the company registry reducing time required for business registration
Streamlining property registration
Upgrading Port infrastructure to reduce congestion in the ports
Introduction of modern and automated commercial courts to improve efficiency of commercial dispute resolution
Enhancing access to credit by licensing a credit bureau and establishing a centralized collateral registry.
Factors Driving Improvements
Growing reputation as the most stable political environment in West Africa
Transparent legal & regulatory framework
Bilateral Investment Treaties (BITs) and Double Taxation Agreements (DTAs) to deepen international cooperation and encourage technology transfer and foreign direct investments
Availability of a robust and well regulated financial services sector with very viable institutions
Factors Driving Improvements
Generous investment incentives, benefits and guarantees
Development of a diversified portfolio of infrastructural projects for national development.
Partnership with the private sector to drive the development agenda
Institutional reform and capacity building for improved service delivery by public sector institutions
Doing Business Report 2015 Rankings
Country Ranking
2015 2014
Cote d’Ivoire 147 158
Ghana 70 69
Kenya 136 137
Nigeria 170 175
South Africa 43 37
How Ghana and Comparator Economies Rank on the Ease of Doing Business
Doing Business 2015 RankingsHow Ghana and Comparator Economies Rank on the Ease of Doing Business
Indicator Ghana Nigeria South Africa
Best Performer Globally
Starting a business 96 129 61 New Zealand (1)
Dealing with construction permits
106 171 32 Hong Kong SAR, China (1)
Getting Electricity 71 187 158 Korea Rep. (1)
Registering Property 43 185 97 Georgia (1)
Getting Credit 36 52 52 New Zealand (1)
Protecting Minority Investors
56 62 17 New Zealand (1)
Trading Across Borders
120 159 100 Singapore (1)
Enforcing Contracts 161 140 46 Finland (1)
The GIPC Mandate The Ghana Investment Promotion Centre (GIPC) is a government agency established under Act 865 to promote, coordinate and facilitate investment in the Ghanaian economy.
Our functions include:
Investment advisory services
Joint venture search
Identification of specific projects for investment promotion
Grant of investment incentives and provision of investor support services
Registration of technology transfer agreements
Negotiation of Bilateral Investment Treaties
Ghana’s FDI Drive 100% foreign ownership
Joint Ventures are strongly encouraged and promoted.
Drive for FDI has been targeted and sector specific.
Guided by the principle of translating FDI into tangible results
Ghana has recorded very high project values over the past five years. Average of US$ 4.3 billion investment a year over the last five years.
GIPC Initiatives to Improve Ghana’s Business Environment
One Stop Shop
Akwaaba Services
Think Ghana Campaign
Stakeholder Engagement CEOs Breakfast Meetings Annual Budget Input
seminar Engagements with Business
Associations Enhanced Relations with
Foreign Missions in Ghana & Ghana’s Missions Abroad
Thank you
Ghana Investment Promotion Centre
www.gipcghana.com
