Ghana well positioned to attract investors – GIPC

Accra, Aug 3, GNA – Mr Yofi Grant, the Chief
Executive Officer (CEO) of Ghana Investment Promotion Centre, says government
has re-position itself as the best country of doing business in the West Africa

Mr Grant said the centre had engaged in putting
together an integrated transportation system of railway, road, water and air to
connect the sub region to enable free movement of goods and people.

Speaking at a breakfast meeting with captains of
CEOs in Accra, Mr Grant said the centre had put in place a number of reforms
with stakeholders to open up space for foreign and local businesses to come and
invest in the country.

He said the country was working assiduously to
upgrade its industrial infrastructure by attracting opportunity for those who
wants to invest in the manufacturing sector.

He said government had put in place attractive
incentives for investors.

The CEO said the centre was initiating plans to
reduce the level of human interface, and that it would introduce electronic
systems to facilitate the processes and reduce the processes in registrations.

He said the country could generate more than 5
billion dollars annual contribution from the diaspora with the right
engagements, urging foreign nationals to register their businesses from their
respective locations instead of travelling to Ghana.

According to a report by RMB Global Markets
Research, Ghana has emerged fourth of the foreign direct investment league
table, among the top 10 countries in Africa.

Mr Sampson Akligoh, Director, Financial Sector
Division at the Ministry of Finance said the 2017 budget statement on tax
exemptions, was to reduce taxes and enhance production as well as tackle system
abuse in the exemptions regime.

He said government had put in place comprehensive
review of the regime on import duty exemptions and tax reliefs with a view to
eliminate abuses and improve efficiency in the application of these incentives.


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