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INVEST IN KUMASI

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ONE OF GHANA'S MOST FAVOURABLE INVESTMENT DESTINATIONS

WORLD'S SECOND LARGEST COCOA PRODUCER

COCOA & OTHER CASH CROP
PRODUCTION & EXPORT

42% of the country's GDP and employing 54% of it's work force.

RICH CULTURE & HISTORY

HOME TO ONE OF GHANA'S MAJOR ETHNIC GROUPS

HOSPITALITY & TOURISM SECTOR

INVEST IN THE HOSPITALITY OR TOURISM INDUSTRY

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INVESTMENT OPPORTUNITIES

KUMASI BOASTS OF MULTI-SECTOR INVESTMENT OPPORTUNITIES

AGRICULTURE SECTORRead More +

AGRICULTURE SECTOR

Agriculture is the dominant sector of the region's economy and it is endowed with abundant arable lands that support the production of cash crops such as cocoa, coffee, oil palm, citrus, cashew, mango and food crops like cassava, plantain, rice, yam, cocoyam, maize and vegetables.
ENERGY SECTORRead More +

ENERGY SECTOR

Ghana generates electric power from hydropower, fossil-fuel (thermal energy), and renewable energy sources. Hydroelectricity is the primary source of Ghana's power and is generated by the Volta River Authority (VRA). Ghana’s power deficit represents enormous opportunities for foreign direct investment as well as public-private partnerships in the energy sector
REAL ESTATE SECTORRead More +

REAL ESTATE SECTOR

Ghana's real estate sector offers sound investment opportunities. At this time, a severe shortage of low- to low-middle-income housing accounts for most of Ghana's estimated shortfall of one million residential units. The current annual supply is between 30,000 and 40,000.

Starting a Business

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).

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Register with the RGD

To register with the RGD, a prospective investor must; Apply for an Individual Tax Identification Number & Complete business incorporation forms.

Register with the GIPC

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.

Register with the GRA

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.

INVESTMENT INCENTIVES

Foreign and local investors may benefit from a number of investment incentives that promote new enterprises and support existing ones in Ghana, including tax holidays, tax rebates and exemptions, and capital allowances. Investors who operate under the Ghana Free Zones Act enjoy a range of additional incentives for investing in Ghana

INVESTMENT GUARANTEES

Investments in Kumasi are protected by a number of investment guarantees instituted by the Government of Ghana through the GIPC Act 478, and benefit from Ghana's double taxation agreements and investment protection and promotion agreements. Ghana's membership in the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID) provides additional investment guarantees.

WHY KUMASI?

Kumasi has one of the most pristine physical environments in Ghana and offers investors, tourists and migrant workers a high quality of life, low crime rate, and a relatively un-spoilt natural environment

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.

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KUMASI

OVERVIEW

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.

TESTIMONIALS

Ghana's economic fundamentals are set to remain supportive for the SME market our core market. Interest rates have nudged down, and the expectation is that the downward trend will continue, meaning lower cost of funds. The independence of the Bank of Ghana continues to be a key economic factor.

PRINCE KOFI AMOABENG

CHIEF EXECUTIVE OFFICER
Our new Kumasi processing plant puts ADM in a stronger position to become the preferred global supplier of cocoa and chocolate solutions”.

ARCHER DANIELS MIDLAND (ADM)

FIDELITY BANK

I have no doubts that we will be setting up more branches in Kumasi and the Ashanti region at large in the near future as we seek to deepen our relationships.
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