- Why Invest In Kumasi
- Investment Opportunities
- Doing Business in Kumasi
- Useful Information
A new business can be legally registered in Kumasi in ten (10) days assuming paperwork is in good order and all requirements have been met . All businesses must first register with the Registrar General's Department (RGD).More information +
To register with the RGD, a prospective investor must; Apply for an Individual Tax Identification Number & Complete business incorporation forms.
Foreign investors not registering under the Ghana Free Zones Program are required by the GIPC Act 478 to register with the Ghana Investment Promotion Centre (GIPC) and to meet specific minimum equity requirements.
All enterprises must register directly with the Ghana Revenue Authority (GRA) for the purposes of statutory tax obligations. Companies are required to complete the Organization Tax Registration Form.
Kumasi' location at the centre of the Ashanti region and of Ghana, coupled with its good road network and airport, makes it the preferred trading centre for most of the surrounding regions and an important commercial centre for West Africa. Kumasi has a daytime population of over 2.5 million, and the Ashanti region, the most populous region in Ghana, is home to over 4.7 million people.
Centrally located in the Ashanti region, Ghana's most populous region, Kumasi forms an important transportation and commercial hub, linking southern & northern Ghana as well as Ghana and the surrounding countries.
Over the past five years, the local government has worked to strengthen the private sector and boost the local economy. As a result, Kumasi's population is enjoying new levels of disposable income, creating a strong market for consumer-oriented goods and services. Kumasi has a daytime population of 2.5 million people, and it is the commercial centre for many other regions of Ghana, including neighbouring Brong-Ahafo, the three northernmost regions, and parts of the Western and Eastern regions, providing access to an even larger market of approximately 12 million people.
The Kumasi Metropolitan Assembly, led by the metropolitan chief executive, administers the city. Kumasi is the regional capital of the Ashanti region, which occupies 24,389 square km, approximately 10 percent of Ghana’s total land area. The region falls under the purview of the regional minister, who is appointed by the central government.
Kumasi has already proved attractive to a number of large foreign investors. Agro-processing giant Archer Daniels Midland (ADM) has been operating a cocoa processing facility in Kumasi since July 2009. Other major players with active presence include Coca Cola and Guinness which both have bottling plants in the City. Other international companies with offices in Kumasi include Maersk, Barclays Bank, Standard Chartered Bank and Unilever, which has been operating in Ghana for over 70 years.