Why do business with Ghana?
Ghana's wealth of resources, democratic political system and dynamic economy, makes it undoubtedly one of Africa's leading lights. Gaining the world's confidence with a peaceful political transition and a grounded and firm commitment to democracy has helped in expediting Ghana's growth in foreign direct investment (FDI) in recent years.
Ghana has attracted the attention of well-known international businesses, investing in all sectors of our economy. All these investors have come to Ghana because they know we have a wonderful conducive social, political and economic environment in which they can invest, grow and be successful.
Advantages for Doing Business in Ghana
Ghana's wealth of resources, democratic political system and dynamic economy, makes it undoubtedly one of Africa's leading lights. Gaining the world's confidence with a peaceful political transition and a grounded and firm commitment to democracy has helped in expediting Ghana's growth in foreign direct investment (FDI) in recent years.
Ghana has attracted the attention of well-known international businesses, investing in all sectors of our economy. All these investors have come to Ghana because they know we have a wonderful conducive social, political and economic environment in which they can invest, grow and be successful.
Advantages for Doing Business in Ghana
·
Demonstrated
commitment to market liberalization
·
Ongoing
privatizations in key economic sectors
·
Expanding
stock market
·
Ongoing
infrastructure development
·
Export
free zones where goods traded with other countries
·
are
exempt from customs duties and laws
·
Immediate
access to all markets of the Economic Community
·
of
West African States (ECOWAS)
·
Quota-free
access to U.S. and European Union markets
·
Member
of the World Trade Organization (WTO)
How do I start doing business Ghana
Step 1: Business Registration at Registrar General's Department (RGD)
All Limited Liability companies are expected to fill out the relevant Application Forms, which serve as the Company’s Regulations. All companies must have an auditor, who must be a member of the Institute of Chartered Accountants, but should not be an officer or servant of the company or be an employee or partner of such persons. When all such forms have been filled satisfactorily and relevant fees paid, a Certificate of Incorporation and a Certificate to Commence Business are issued.
All Limited Liability companies are expected to fill out the relevant Application Forms, which serve as the Company’s Regulations. All companies must have an auditor, who must be a member of the Institute of Chartered Accountants, but should not be an officer or servant of the company or be an employee or partner of such persons. When all such forms have been filled satisfactorily and relevant fees paid, a Certificate of Incorporation and a Certificate to Commence Business are issued.
Step 2: Register with the Centre (GIPC)
The GIPC is responsible for registering all Enterprises in Ghana.
The GIPC is responsible for registering all Enterprises in Ghana.
Application Procedure: Investors are required to complete Investor Registration Forms (Form GIPC/R1) in triplicate. Within five (5) days from the date of orderly receipt of these forms (and its attachments) the GIPC will formally register the investment.
How to save on your freight
expense when moving goods into Ghana?
If you are not keen to the constantly changing freight rates, then you will most likely get slaughtered by over-priced logistics costs. This expert tips will provide you some skills that will give you better understanding on how you can maximize your import shipping scheme.
If you are not keen to the constantly changing freight rates, then you will most likely get slaughtered by over-priced logistics costs. This expert tips will provide you some skills that will give you better understanding on how you can maximize your import shipping scheme.
Shipping in big volumes vs small volumes?
Properly evaluate the volume of goods you need to ship regularly. Find a reliable freight forwarder to ship your goods into Ghana cost effectively using any of these two methods:
Properly evaluate the volume of goods you need to ship regularly. Find a reliable freight forwarder to ship your goods into Ghana cost effectively using any of these two methods:
Full Container Load (FCL) and Less than Container Load (LCL).
Both options have their advantages and disadvantages, however planning your cargo accordingly will help you save heaps on your freight expense.
Identifying the required taxes, rates and add-on fees to be paid
Aside from carefully planning your shipments, identifying the required taxes you need to pay to import goods into Ghana will add more to your savings. This checklist will help narrow down your tax queries:
Is there a customs duty payable on the product?
Duty rates and import taxes vary from product to product when importing into Ghana. It is best if you could check with your customs clearance expert to clarify the rate you need to pay on this.
Duty rates and import taxes vary from product to product when importing into Ghana. It is best if you could check with your customs clearance expert to clarify the rate you need to pay on this.
Are there any restrictions on bringing this product to the Ghana?
Firearms and weapons, pirated and counterfeit goods, non-compliant gas and electrical goods, explosives, pornographic materials, alcohol and other spirits are prohibited and should be sent separately.
Firearms and weapons, pirated and counterfeit goods, non-compliant gas and electrical goods, explosives, pornographic materials, alcohol and other spirits are prohibited and should be sent separately.
Other freight charge and rate questions worth identifying
- Are clearance document costs included in the freight charge?
- How much will it cost to pick up my cargo from the dock? warehouse?
- Is there an inland freight charge to get to from the wholesale warehouse to port?
Choosing the best logistics partner to move your goods into Ghana
Hiring the services of a reliable and knowledgeable logistics and customs clearance expert will save you time, money and effort clearing and moving your goods into Ghana. Logical Maritime Services Limited has more than 15 years of industry experience shipping goods to and from Ghana. Tell us your specific logistics and customs clearance requirement. Talk to us at +233 30 330 0877.
Hiring the services of a reliable and knowledgeable logistics and customs clearance expert will save you time, money and effort clearing and moving your goods into Ghana. Logical Maritime Services Limited has more than 15 years of industry experience shipping goods to and from Ghana. Tell us your specific logistics and customs clearance requirement. Talk to us at +233 30 330 0877.
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