“We will be reviewing the GIPC law to make ourselves more attractive and competitive on the global investment horizon. The impact would be significant, because we want to attract the biggest companies globally to come to Ghana to do business,” he added. The GIPC Act 2013, (Act 865) was enacted to phase out and replace the previous GIPC Act 1994 (Act 478).
Paramount among the review is the reduction in the minimum capital requirement and the act which bans foreigners from operating in some markets across the country.
He was speaking at the 2017 edition of the Economic Counsellors Dialogue with Foreign Missions and Business Associations in Ghana on the GIPC Act and possible collaboration with the Centre.
The Dialogue is an initiative of the GIPC to attract Foreign Direct Investment was on the theme: “Ghana on the Go: Enhancing the Ghanaian Business Environment.”
He said “to really position Ghana as the entry point to West Africa, maybe we should also give a ten-year tax holidays to big companies that want to establish their regional offices in Ghana to attract the bigger players like Nike, Microsoft, Google etc…It is not sealed. It is one that we are discussing because it [involves] a lot of things.”
Source: Africafeeds.com / Fred Dzakpata
