Doing Business with Ghana

A comprehensive guide to doing business, exporting, investing, and manufacturing in Ghana.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Ghana Investment Promotion Centre (GIPC)

Tel: +233 30 266 5125 – 9
Email: info@gipc.gov.gh
Web: www.gipc.gov.gh

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Ghana Revenue Authority (GRA)

Tel: +233 30 394 1108
Email: info@gra.gov.gh
Web: www.gra.gov.gh

National Chamber of Commerce

Ghana National Chamber of Commerce and Industry

Tel: +233 20 435 5252
Email: info@ghanachamber.org
Web: www.ghanachamber.org

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Finance, Ghana

Phone: +233 30 274 7197
Email:
info@mofep.gov.gh
Web: www.mofep.gov.gh

  • Type of Government: Presidential republic
  • Population: Approximately 33 million
  • GDP: Around $75 billion USD
  • Corporate Tax Rate: 25%
  • Personal Income Tax Rate: Ranges from 0% to 30%
  • Major Exports: Gold, cocoa, oil
  • Major Imports: Machinery, vehicles, refined petroleum

 

Exporting to Ghana involves several key steps. Here’s a comprehensive guide:

  1. Research Market Requirements
    • Understand Ghana’s import regulations and standards for your product.
    • Check for any product-specific certifications needed.
  2. Identify Local Partners

    • Establish relationships with local distributors or agents in Ghana.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
    • Ensure compliance with Ghanaian labeling and packaging requirements.
  4. Arrange Logistics and Shipping

    • Choose a reliable shipping company experienced with exports to Ghana.
    • Ensure accurate completion of shipping documents, such as bills of lading.
  5. Customs Declaration

    • Work with a customs broker to facilitate the clearance process.
    • Pay any necessary duties and taxes.
  6. Understand Duties and Taxes

    • Familiarize yourself with Ghana’s import duties and VAT applicable to your goods.
  7. Distribution and Sales

    • Establish distribution channels within Ghana.
    • Consider partnerships with local businesses for effective market penetration.

Key Contacts

  • Ghana Revenue Authority (GRA)
  • Ghana Export Promotion Authority (GEPA)

Importing goods into Ghana involves several key steps. Here’s a detailed guide:

  1. Verify Import Regulations

    • Ensure your goods comply with Ghanaian import regulations.
    • Check if your products require special permits or certifications.
  2. Classify Your Goods

    • Determine the correct tariff classification for your products using the Harmonized System (HS) codes.
  3. Obtain Necessary Licenses

    • Apply for any required import licenses or permits.
  4. Prepare Import Documentation

    • Necessary documents include commercial invoices, packing lists, and certificates of origin.
  5. Arrange Shipping and Logistics

    • Choose a reliable logistics provider experienced with imports to Ghana.
    • Ensure proper packaging and labeling of goods.
  6. Customs Declaration

    • Submit a customs declaration to the Ghana Revenue Authority (GRA).
    • Pay any applicable duties and VAT.
  7. Customs Clearance

    • Work with a customs broker to facilitate clearance if needed.
    • Ensure compliance with all import requirements.
  8. Receive Goods

    • Coordinate with your logistics provider to receive and inspect goods upon arrival.

Key Contacts

  • Ghana Revenue Authority (GRA)
  • Ghana Standards Authority (GSA)

Incorporating a company in Ghana involves several steps. Here’s a comprehensive guide:

  1. Choose a Company Structure

    • Decide on the type of company (e.g., Limited Liability Company, Sole Proprietorship).
  2. Reserve a Company Name

    • Ensure the name is unique and compliant with Ghanaian naming regulations.
    • Reserve the name through the Registrar General’s Department.
  3. Prepare Incorporation Documents

    • Draft the company’s regulations and provide details of shareholders and directors.
  4. Register the Company

    • Submit the incorporation documents to the Registrar General’s Department.
    • Include a completed set of forms and the company regulations.
  5. Pay the Registration Fees

    • Fees vary based on the company type and capital. Contact the Registrar General for specifics.
  6. Obtain a Tax Identification Number (TIN)

    • Register with the Ghana Revenue Authority to obtain a TIN.
  7. Open a Bank Account

    • Open a corporate bank account in Ghana.
  8. Register for Social Security

    • If you have employees, register with the Social Security and National Insurance Trust (SSNIT).

Costs

  • Registration Fees: Vary depending on the type and size of the company.
  • Notary Fees: Applicable for notarizing documents.

Key Contacts

  • Registrar General’s Department
  • Ghana Revenue Authority (GRA)

Setting up a manufacturing plant in Ghana involves several key steps. Here’s a detailed guide:

  1. Conduct Market Research

    • Analyze local demand, industry trends, and competitors.
    • Evaluate the supply chain and logistics options.
  2. Choose a Suitable Location

    • Identify industrial zones with necessary infrastructure.
    • Contact local municipalities for available sites.
  3. Understand Legal Requirements

    • Familiarize yourself with Ghanaian regulations, including environmental and safety standards.
  4. Develop a Business Plan

    • Prepare a detailed proposal outlining investment, objectives, and operations.
    • Include financial projections and environmental impact assessments.
  5. Register the Business

    • Register your company with the Registrar General’s Department.
    • Obtain necessary licenses and permits for manufacturing.
  6. Secure Financing

    • Explore funding options through banks or investment agencies.
    • Consider government incentives for manufacturing.
  7. Design and Construct the Facility

    • Hire architects and contractors familiar with local regulations.
    • Ensure compliance with building codes and safety standards.
  8. Install Equipment and Machinery

    • Import necessary machinery, ensuring compliance with local regulations.
    • Coordinate with customs for smooth importation.
  9. Obtain Necessary Permits and Licenses

    • Apply for industry-specific licenses and permits.
    • Ensure compliance with health and safety regulations.
  10. Recruit and Train Staff

    • Hire local talent and provide necessary training.
    • Work with employment agencies for assistance.
  11. Begin Operations

    • Ensure all systems are in place and test the production line.
    • Implement quality control measures.

Key Contacts

  • Ghana Investment Promotion Centre (GIPC)
  • Ministry of Trade and Industry

Registering a trademark in Ghana involves several steps. Here’s a comprehensive guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique and not already registered.
    • Use the database of the Registrar General’s Department for a preliminary search.
  2. Prepare Your Application

    • Include details such as the trademark design, classification of goods/services, and applicant information.
  3. Submit Your Application

    • File the application with the Registrar General’s Department.
    • You can apply in person or by mail.
  4. Pay the Application Fee

    • The fee varies based on the number of classes. Contact the Registrar General for specific costs.
  5. Examination Process

    • The Registrar General’s Department reviews the application for compliance and potential conflicts.
    • Respond promptly to any objections or requests for additional information.
  6. Publication and Opposition

    • If approved, the trademark is published for opposition. There is a period for third parties to challenge the registration.
  7. Registration and Certification

    • If no oppositions arise, the trademark is registered. You will receive a certificate of registration.
  8. Maintain and Renew the Trademark

    • Trademarks are valid for 10 years and can be renewed. Submit renewal applications before expiry to maintain protection.

Key Contacts

  • Registrar General’s Department

Resolving commercial disputes in Ghana involves several key steps. Here’s a guide on the process:

  1. Attempt Negotiation

    • Begin by negotiating directly with the other party to find an amicable solution.
  2. Mediation

    • Engage a mediator to facilitate discussions.
    • Mediation is often quicker and less formal than court proceedings.
  3. Arbitration

    • Consider arbitration for a private and binding resolution.
    • Provides a structured approach with enforceable decisions.
  4. Seek Legal Advice

    • Consult with a lawyer specializing in commercial law for guidance on your case.
  5. File a Lawsuit

    • If other methods fail, file a lawsuit in the appropriate commercial court.
    • Prepare necessary documentation and evidence.
  6. Court Proceedings

    • Attend hearings and present your case.
    • Follow the legal procedures as guided by your attorney.
  7. Judgment and Enforcement

    • If a judgment is made, ensure its enforcement through legal channels.

Costs

  • Mediation and Arbitration Fees: Vary depending on the service provider.
  • Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
  • Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

  • Ghana Association of Certified Mediators and Arbitrators (GHACMA)
  • Judicial Service of Ghana

When considering doing business in Ghana, it’s important to understand various influential factors. Here’s an overview:

Social and Cultural Factors

  • Language and Communication
    • English is the official language, widely used in business settings.
    • Building relationships and understanding cultural norms are essential.
  • Business Etiquette
    • Formal greetings and respect for hierarchy are valued.
    • Punctuality is important, though flexibility in timing is common.

Political Environment

  • Government Structure
    • Ghana is a stable presidential republic.
    • Known for its democratic governance and peaceful power transitions.
  • Regulatory Environment
    • Transparent regulations aimed at supporting business growth.
    • Strong emphasis on compliance with local and international standards.

Economic and Foreign Exchange Factors

  • Currency
    • The official currency is the Ghanaian Cedi (GHS).
    • Monitor exchange rate fluctuations for financial planning.
  • Investment Climate
    • Opportunities in agriculture, mining, and energy sectors.
    • Government incentives for foreign investors, especially in key industries.

Rule of Law

  • Legal System
    • Based on English common law; known for its reliability.
    • Strong protection of property rights and contracts.
  • Intellectual Property
    • Robust IP laws with effective enforcement mechanisms.

Infrastructure

  • Transportation and Logistics
    • Developing infrastructure with improvements in road, rail, and air networks.
    • Telecommunications and internet services are expanding.

Relevant URLs

  • Ghana Investment Promotion Centre (GIPC)
  • Ministry of Trade and Industry

Our Members Include Leading Organizations in Ghana

Ask our Experts on Doing Business in/with Ghana

If you’re looking to do business or invest in Ghana, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.