MAHA Global and IPR: Do Actions Speak Louder Than Words?
Finpro presentation on doing business in ghana Edward Ashong-Lartey
1. Presented by EDWARD ASHONG-LARTEY DIRECTOR, MARKETING AND PUBLIC RELATIONS GHANA INVESTMENT PROMOTION CENTRE (GIPC) 1 GHANA-FINLAND BUSINESS SEMINAR 7TH SEPTEMBER, 2011, HELSINKI, FINLAND PRESENTATION ON DOING BUSINESS IN GHANA
15. PRIORITY SECTORS FOR INVESTMENT IN GHANA Oil and Gas Services Energy Infrastructure Agric and Agric-business Manufacturing and Industry Tourism Information Communication Technology Financial Services 7
35. Local Content Requirements for the Petroleum Sector -- investors will be expected to utilize a percentage of Ghanaian human and material resources .
36. Environmental Health and Safety Plan (EHS) -- A comprehensive environmental health and safety policy for this sector is being developed.TAKORADI, GHANA 11
37.
38. Current Status is -1980 mw, and it is government’s policy to increase to 5000 mw by 2015.
40. To fill the 3000 mw demand, government is ready for partnerships with private sector. CONSTRUCTION OF SUNON ASOGLI POWER PLANT, GHANA 12
41. ENERGY Pursuing a renewable energy generation target of 10% of total production and the renewable resources to be promoted include solar, wind, mini-hydro and bio fuels. The first 133MW of the 400MW Bui Hydro project is expected to be commissioned by the end of 2011, with the total installed capacity of 400MW being commissioned by end of 2012. Government of Ghana is actively promoting Independent Power producers in the country. Major projects: -Sunon-Asogli Power Plant-200MW -TemaOsonor Plant Ltd- 126 MW and eventually to 300 MW -Kpone Thermal IPP Project-220 MW 13
46. INFRASTRUCTURE Roads Public Housing And Property Development Rail Transport And Ports HERITAGE TOWERS, ACCRA ACCRA-TEMA RAILWAY LINES SILVER STAR TOWER AREA, ACCRA 15
47.
48. Construction of toll roads, bridges and rapid transit routes in cities encouraged.KWAME NKRUMAH CIRCLE (BY NIGHT), ACCRA 16
49.
50. Deficit = 500,000 units (with oil discovery, deficit is estimated to be around 1,000,000 units)
55. Commercial (regional shopping centres/malls, office accommodation, storage) b. Production and marketing of construction equipment and building materials PPP: The Government of Ghana has signed housing agreement with STX-Korea to build 200,000 housing units in 5 years with investment value of US$ 10 billion . H.E President J.E. A. Mills on Thursday, 27 January 2011 cut the sod for the start of construction of the 30,000 STX housing units for the security services. VILLAGIO APARTMENTS 17
56.
57. Modernization of existing railway, expansion to cover whole country especially linking south to the north.
116. Tax holidays ranging from 5-10 years depending on sectorsAutomatic immigrant quotas depending on paid-up capital Other attractive tax concessions such as accelerates depreciation for plant and buildings, five-year loss carry-over and R & D expenditure deductibility Relief from double taxation for foreign investors and employees where applicable