• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana announces tax incentives for Belgian investors

4 years ago
in Business, Economy, highlights, Home, home-news, latest News
2 min read
0 0
0
93
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana announces tax incentives for Belgian investors

Ghana has announced some tax incentives to 29 Belgian investors exploring business opportunities in the country.

The Deputy Minister of Trade and Industry, Mr Herbert Kapa, in a keynote address at an information session on Business Opportunities in Ghana, said the incentives include renewable corporate tax holiday of five years after commencement of operations; total exemption from payment of withholding taxes from dividends; and a waiver of import duties and levies on equipment, machinery, plants parts and raw materials.

Other incentives, he added, would include relief from double taxation for foreign investors and employees; guarantees and repatriation of dividends, and guarantee against nationalisation and expropriation of investments.

Mr Krapa said this at the session organised for a delegation of Belgian investors on Monday.

Meanwhile, the Ministry of Finance has since 2019 laid before Parliament, an exemption bill expected to be reviewed, passed and implemented by the year 2022.

The exemption bill after undergoing several reviews, is expected to help the country reduce revenue loss to the State as a result of exemptions granted to investors.

RelatedPosts

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

The Deputy Minister indicated that the country was relying on strategic investment into critical sectors of the Ghanaian economy, and in particular, areas where Ghana continued to enjoy comparative advantage to boost domestic production and export diversification.

He said the sectors include agriculture, automotive, manufacturing, consumer goods, and infrastructure, and pledged the commitment of the Ministry and its agencies to work closely with Belgian policymakers and investors “to unlock the many trading opportunities that exist between us, whilst continuing to improve the business and investment climate”.

“Government will ensure that it continues to develop and promote policies that are business-friendly whiles taking proactive steps to address existing challenges,” he said.

Read: Global finance system partly to blame for inequality, says World Bank

The Deputy Minister of Foreign Affairs and Regional Integration, Mr Kwaku Ampratwum-Sarpong, also said that as a sign of goodwill towards deepening ties, the government was ready to support the Belgian government to establish an Embassy in Accra.

“The prominence of economic diplomacy in the discourse of Ghana’s foreign policy is not mere rhetoric. Rather it’s a viable strategy to actively seek markets for Ghanaian goods and service abroad,” he said.

Mr Yofi Grant, the Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), called on investors to consider the limitless opportunity Ghana was offering in terms of the natural resource pool, large labour force, political stability and geographic advantage of being located at the centre of the globe.

The Ambassador of Belgium to Ghana, Mr Michael Wimmer, said Belgium as one of the 15 largest importing and exporting nations and a contributor to 50,000 jobs in the country was committed to helping the “Ghana Beyond Aid” Agenda.

“The visit of this mission is a sign of trust and commitment to do more and work together to build relationships” he added.

Source: GNA
Tags: Belgian investorsghanaGhana announces tax incentives for Belgian investorsGIPC
No Result
View All Result

Highlights

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Trending

Banking & Finance

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

October 7, 2025

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor Governor of the Bank of...

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.