Ghana – The Power Destination

An abundant source of natural resources, healthy political & economic atmosphere, and technological innovations are the essential parameters for selecting an efficient business destination. Ghana, in past few years, has proved itself as an ideal destination for venture expansions as well for start-up ventures. In recent years, Ghana’s economy has prospered with International investments in all business sectors. Businesses all over the world have recognized the potential and strength of Ghana’s economy.

Ghana’s growth in Foreign Direct Investment has encouraged various beneficiary innovations in the country. The world has started investing in this super efficient and future business power. But, this made Ghanaian authorities took a lot of efforts. Ghana’s efforts to design and reform the policies to suit the current market need has made the country reach milestones in business. The Ghanaian government policies for investors such as 100% transfer profits, dividends, etc., MIGA Membership, Bilateral Investment Promotion Treaties and Double Taxation Agreements have open investment door to organizations all across the world, to set up businesses and invest directly in various sectors.

The power sector in Ghana is one of the successful examples of business development.

The Ghanaian administration not only brought new policies but also encouraged new ideas, technologies and out of the box innovation in energy generation through renewable sources & traditional routes. Apart from the power and energy sector, huge investments are also witnessed in ICT, Tourism, and manufacturing sectors. Also, the demand for mineral deposits i.e. gold, diamond and oil is increasing day by day making Ghana more proud and happier as one of the few suppliers of such resources around the world. Along with all these, agriculture, financial services, and telecommunication services in Ghana have become more innovative and highly accessible globally. Making it easier for the population and business tourists as well to get an overview of the complete market across industries and sectors.

There is a huge scope for foreign investment in energy sector. Although, Ghana has readily available sources of energy, power generation needs to improve in some regions. The government of Ghana has introduced flexible policies for foreign

investors for a productive collaboration of technology and natural resources. The scope of business in energy sector includes transmission, generation and distribution of electrical energy required for industrial, commercial and domestic use. Making it a priority to serve its people first and take a huge step towards development.

The overall objective of Ghana behind expanding the business horizons across the globe is to develop the physical infrastructure with already available natural resources. The climatic conditions in Ghana are very much favorable for various businesses and thus, it would be beneficial tie-up. The other developed countries have recognized Ghana’s economic worth and potential which can be witnessed with ever increasing investments from around the globe. Not only the international but Ghanaian government has re-designed and introduced flexible policies for local investors too. This gives a clear picture of futuristic approach and productive strategy of Ghana.

Making Ghana an ideal destination for technological innovation and new business ventures to start up and grow in this healthy environment.