Transcript how ghana has improved its ease of doing business - NBA-SBL

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
How Ghana and Comparator Economies Rank on the Ease of Doing Business
Country
Ranking
2015
2014
147
158
Ghana
70
69
Kenya
136
137
Nigeria
170
175
South Africa
43
37
Cote d’Ivoire
Doing Business 2015 Rankings
How 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