Investments into Ghana in 2010 reached over $1.5b – GIPC

The Ghana Investment Promotions Centre (GIPC) says the country realised over $1.5 billion from a total number of 3,597 projects that were registered in 2010.

The Chief Executive Officer of the GIPC, Mr. George Aboagye was reported by the Daily Graphic to have asked for long term investments in the country.

He said “We have seen many investments in the country but many of them are short to medium term but we want to encourage more long term investments because that is where the investors can have greater value and returns on their investments.”

Mr. Aboagye according to the report acknowledged Ghana’s infrastructure challenges like poor road networks, but said the GIPC Act provided many and various investment incentives and guarantees such as “customs duties exemptions for plant, machinery, equipment and their parts; graduated and reasonable corporate taxes; tax holidays ranging from five to 10 years.” He also spoke about automatic immigration quotas depending on paid-up capital among others.

By Emmanuel K. Dogbevi

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