GHANA IS READY FOR BUSINESS
Ghana has climbed up the ladder among its peers in the Sub-Saharan region as a top Foreign direct investment destination country. In order to keep investors and to encourage more new investments and sustainable capital, the Government of Ghana is adjusting policies and frameworks that promote trade and Foreign Investment.
usiness Regulatory Reforms
The government has setup to make Ghana the most business friendly economy in Africa and in this respect it is pushing through some major reforms of the business environment through its Business Environment and Regulatory Reforms initiatives.
To improve the ranking of Ghana on the World Banks ease of doing business which targets the following ten indicators
Starting a business, ,getting electricity, trading across borders, getting credit and registering a business , Electronic register for business regulations, legislation and procedures for a complete repository of business laws and transparency for investments, rolling review of business regulations are part .
ONE DISTRICT ONE FACTORY INITIATIVE
The government is Aggresively pursuing this Agenda as a key driver of its industrialization plan nationwide . This is through a Public Private Partnership arrangement where there will be at least one medium to large scale industrial enterprise in each of the 216 districts. Foreign Investors seeking to establish in Ghana can take advantage of this as you have the full support of the Government .
Ghana Freezones development
DEVELOPMENT OF INDUSTRIAL PARKS
The Government is currently facilitating the development of multipurpose Industrial Parks in all the different regions of the country. This is aimed at improving access to land and utility services for investors and spread economic activities nationwide. Addressing this huge challenge will significantly raise Ghana‘s ranking on the World bank ease of doing business Index.
GHANA COMMERCIAL AGRICULTURE PROJECT
Ghana‘s current Agriculture policy framework and National development focuses on the moving from a small subsistence-based small holder farms to larger commercial enterprises fused with productive small holder farmers in all activities along the Agricultural Value Chain.
With the engagement of the World Bank and USAID, the Government of Ghana is seeking to improve the investment climate of the Agricultural sector.
This initiative focuses on the stronger role of the Private sector . An emphasies on commercial farms is key and this Agenda is being pushed forward in the following ways;
-Strengthening investment Promotion infrastructure,
Facilitating secure access to land . Drawing on the competence of existing ministries, the Government seeks to make the acquisition of commercial Agricultural land for investors an easy process.
-Additional large- scale commercial farms in the cereals sector has the potential to utilize large tracts of unused land to meet local demand(rice, white maize) and lower the input cost of the poultry industry(yellow maize)
-Additional opportunities for Multinationals to expand the horticulture sector to raise export revenue
-More Private input dealers can extend the availability of seeds and fertilizer to raise productivity.
-Additional Private enterprises in the marketing and Processing food staples for local consumption and processing.
Additional enterprises in the marketing processing of food staples