Why Ghana?

Multinational companies choose to start doing business in Ghana for varied reasons. They gain access to affluent new customers, have the opportunity to refresh an otherwise stagnant product or service, and open up the potential to do more business with other countries all across West Africa (Africa). In fact, companies based in Ghana can reach more than 350 million consumers in West Africa alone (Including Ghana's 30 million).

• Ease of Doing Business in Ghana
There are several opportunities available in different sections from advanced manufacturing to IT. Plus, the restrictions to start a new operation are relatively low compared to other developing countries in Africa.

If you partner with an organization such as IIG, you will have an even easier time adjusting to the new surroundings and ensuring that your company meets the compliance requirements involved with international growth.

• Friendly Taxation System
One of the most complicated factors to global expansion is navigating the complications of the tax system. In Ghana, it’s pretty simple compared to other African markets. Currently, the corporate tax rate is set at 20%.

Additionally, Ghana has double taxation treaty (DTT) with other countries so as a result, most Ghana-based companies will not pay Corporation Tax on foreign dividends. There is also a Value Added Tax (VAT) payable on most goods and services supplied in Ghana, currently set at 13.5%. This can be an additional benefit to companies operating in the region.

• Recruiting Skilled Employees in Ghana
Another primary reason for moving operations into Africa is the vast pool of skilled employees. Ghana has a workforce of more than 12 million people (above 18 years). Ghana has a flexible market with regulations designed to protect employees. As an employer, this should be viewed as a benefit. You can follow pre-established rules and regulations that improve the life of your team members.

Also, labor costs in Ghana are the most competitive in Africa considering the lower employer social security contributions. In fact, Ghana’s overall cost of labor is lower than countries such as Nigeria, Cote d'Ivoire, Kenya, Rwanda and South Africa. We suggest working directly with a partner like us to help establish your legal presence in Ghana so your organization can compliantly hire and pay your new team members.

• Strong Infrastructure
A strong infrastructure is important to the overall growth of your business in any country. In Ghana, there are ongoing infrastructure improvements in areas including energy, transportation, waste management, telecommunications, aviation and sea ports.

• Manageable Regulations
Ghana is now free to establish its own regulations in sectors such as tax, finance and legal, tailored to its own needs. Agreements can be varied on a country by country basis, so a deal with Nigeria may differ from a deal with South Africa. This could increase competition which in turn provides a great opportunity for growth.