Investors urged to take advantage of incentives

The Ghana Investment Promotion Centre (GIPC), has urged domestic investors to register their businesses with the centre to take advantage of the incentives in the investment code of the country.

Mr. Edward Ashong Lartey, Director of Investor Services, GIPC said an investor enjoys incentives including exemption of tax when he or she registers with the Centre and also a guarantee that businesses would not be taken from the owners in anyway.

According to GNA report, he said this during an export forum organised by the Canada-Ghana Chamber of Commerce in Accra to deliberate on how to promote non-traditional export to North America.

He said among the country’s competitive advantages are availability of land for agricultural production and further development in agricultural infrastructure.

He also said another advantage of registering businesses with the centre is that Ghana has proximity to Europe and the Americas and has human capital in the form of an educated workforce.

Mr. Lartey noted that the country also has modernised airports and seaports and a committed private business sector and active associations.

He said investors are also given after care services because GIPC believes providing such services would make them ambassadors of the centre’s services.

Mr. Alexander Dadzawa, Head of Marketing and Promotion at the Ghana Export Promotion Authority said the authority faces a number of challenges including scale of production, low technological application, financing, high energy cost, diversified markets and unavailability of the national export strategy.

He urged the sectors in charge of the strategy to make them available at every agency and business that has relations with export to make their operations more effective.

Mr. Dadzawa mentioned palm oil, cashew, root crops, cocoa, horticulture, fish, apparel, handicraft, jewelry, and services as some of the products and sectors that could positively impact on export revenue when improved upon.

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