The Ghana Investment Promotion Centre (GIPC), will on Tuesday, March 30, hold its first quarter CEO’s Breakfast Meeting for the year.
The CEO’s Breakfast Meeting aimed at sensitising investors and the business community on the Centre’s Technology Transfer Agreements (TTAs), will be held on the theme; Technology Transfer Agreements: Eligibility, Compliance & Liabilities.
Together with key partners such as the Ghana Revenue Authority, the Bank of Ghana, and the Ministry of Finance and Economic Planning, discussions will centre on issues relating to TTA applications, as well as highlight the benefits of TTAs to both foreign and local businesses.
TTAs in Ghana are entered into by two entities, usually a parent company abroad and its local subsidiary or associate company which is domiciled locally. A contractual relationship is entered into which defines how the parent company transfers its technology, expertise, and know-how to an entity within the country.
According to law, provisions of every Technology Transfer Agreement in Ghana must conform to and be governed by the Ghana Investment Promotion Centre Act 2013 (Act 865). As such, GIPC is an agency of the Ghanaian government responsible for among others, the registration and monitoring of all TTAs in Ghana.
“Registering a Technology Transfer Agreement with the GIPC is essential for protecting innovation and imperative for the facilitation of technology dissemination” said Naa Lamle Orleans-Lindsay, Head of the Legal Division at GIPC, in stressing the importance of TTAs.
The first quarter CEO’s Breakfast Meeting is the first of four breakfast sessions to be organized by the GIPC this year, to facilitate discourse on essential topics for Ghanaian businesses and the investor community.
Both local and foreign businesses can participate in the event scheduled for 9am via GIPC’s online platforms; @gipcghana on Facebook, Twitter, Instagram, LinkedIn and YouTube.
