Finpro Ghana-seminaarin 7.9.2011 esitysmateriaali.

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

3. Minerals Commission - Mining of activities

4. Ghana National Petroleum Corporation- Petroleum exploration and production

5. Ghana Export Promotion Council- Export of Non-traditional products

7. Continuous, stable multi-party political environment since 1992

8. Continuous macro-economic stability

9. Competitive corporate tax rates in the sub region

10. Fast developing financial infrastructure, institutions and services

11. Abundant supply of skilled and trainable labour

13. 5

14. 6 TOTAL REGISTERED PROJECTS (SEPT 1994 – JUNE 2011)

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

17. THIS IS EXPECTED TO INCREASE TO 120,000 IN EARLY 2012.

18. CURRENT ASSOCIATED GAS PRODUCTION IS 60 MILLION CU/FT PER DAY

21. Rig operations

22. Logistics and Equipment supply

23. Office accommodation for numerous oil service companies

24. Helicopter and fixed wing aircraft transportation

25. Supply boats, anchor handling boats, diving vessels, etc

26. Telecommunications, weather forecasting, search and rescue facilities

27. Restaurants , catering , vehicle rental and security services

28. Financial Services (Banking and Insurance Services)

30. Construction, installation and commissioning of offshore structures

31. Pipeline manufacturing from steel

32. Welding and Joinery

33. Assembling of knocked down structures in yards in Ghana

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

38. Current Status is -1980 mw, and it is government’s policy to increase to 5000 mw by 2015.

39. Current electricity penetration is 60% and 100% penetration is expected to be achieved by 2020.

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

43. Energy manufacturing companies to supply energy-monitoring equipment

44. Alternative decentralized sustainable energy system to be deployed in remote and deprived communities

45. Solar energy systems for schools in off-grid communities14

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

48. Construction of toll roads, bridges and rapid transit routes in cities encouraged.KWAME NKRUMAH CIRCLE (BY NIGHT), ACCRA 16

50. Deficit = 500,000 units (with oil discovery, deficit is estimated to be around 1,000,000 units)

51. Annual Demand = 140,000 unit

52. Annual supply = 40,000 units

54. Industrial (light industrial parks, warehousing facilities)

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

57. Modernization of existing railway, expansion to cover whole country especially linking south to the north.

59. Creation of Inland Port at Boankra, near Kumasi

60. Creation of river port at Buipe, Northern Region (on the Volta river)TEMA PORT

62. Storage facilities: avoidance of high post-harvest losses and low returns for farmers and processors

63. Developing irrigable land through irrigation. Ghana has potential irrigable area of 346,000 hectares, only 10,000 hectares has been developed

64. Technological and support services: supply and installation of cold chain equipment, packaging , factory building technology

65. Distribution services: post-production services in transport, packaging and cold vans

67. Supply of machinery to establish hatcheries for day-old chicks

69. Cocoa processing

70. Pharmaceuticals

71. Textiles and garments

72. Wood processing and manufacturing

73. Salt production

74. Production of electrical wirings and electronic productsPAPSO DRINKS PHARMACY GHANAIAN KENTE CLOTH 20

75. TOURISM 3rd largest source of foreign exchange earning after, Gold and Cocoa GOLDEN TULIP, ACCRA 21

77. Tourist Information Shops

78. Tourist Transport Services

79. Tourist Travel Services

80. Tourism Financial Services

81. Tourism Medical Services

82. Food and Beverage Services

83. Entertainment

84. Leisure and Sports

85. Shopping

86. Meeting FacilitiesKINTAMPO WATERFALLS 22

87. INFORMATION COMMUNICATION TECHNOLOGY 23

89. Manufacturing, assembling and supply of computers and accessories

90. VSAT services

91. E-commerce and Legal Database Services

92. Logistics Management Services and Medical Transcription Services

93. Education: software development, networking, VSAT, telecom and IT Engineering

94. Production of Business Solutions (software and networking services)

95. Business Processing Outsourcing

96. Supply of High-Tech Telecommunication Equipments

97. Back Office Operations ( especially for Financial Institutions)

98. Telephony – rural and fixed lines

99. Internet Service Provision ServiceBUSYINTERNET, ACCRA 24

101. Development banks

102. Insurance companies

103. Reinsurance companies

104. Mortgage finance institutions

105. Leasing companies

106. Venture capital companies

107. Hire purchase companies

108. Export finance companies

109. Investment banks

110. Mutual funds

111. Investment trusts

112. Savings and loans companies25

114. Graduated and reasonable corporate taxes

115. Location incentives of between 25%-50% tax rebates for manufacturing companies

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

118. Transfer of funds in respect of servicing of foreign loans

119. Guarantee against expropriation ( also enshrined in the Constitution of Ghana)

123. THANK YOU FOR YOUR ATTENTION 31