Major investments in earmarked strategic sectors of the Ghanaian economy can qualify for tax exemptions and other benefits that may be enjoyed from construction through commissioning and operations of projects

To encourage FDIs into Ghana, the Government has enacted laws that allow the State to grant tax exemptions and certain benefits to investors in earmarked strategic sectors of the economy. The exemptions and benefits are negotiable and require thorough paperwork.

Under the 2013 Ghana Investment Promotion Centre (“GIPC”) Act, qualified investors on application can obtain STRATEGIC STATUS RIGHT, which allows investors many tax incentives and benefits including customs duty exemptions, and tax breaks or tax holidays over a defined period of time, to allow investors establish and grow their businesses. An investment must meet a defined threshold to qualify for these incentives and benefits.

The new Tax Exemptions Act, 2022 (Act1083) has streamlined and consolidated the various laws and processes for the application. An application undergoes several layers of approval at various different government offices. A successful application will require diligent and detailed paperwork, analysis, explanations, and further engagements through the government bureaucracy.

We have the right skill set and a deep knowledge of the terrain to provide across board support to our clients. We commit insightful advisory that leads to success.