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Title: Optimal Financing Strategy for Ghana

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Subject: Business
Author:
Date: March 13, 2005
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Length: 19 / 5634
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In July of 2007, a new cedi (Ghanaian currency) was released. The benefit of the new currency is an increased stabilization both inside the country and with trade outside the country. The following are strengths and opportunities LT-B has found in Ghana: Advantages for Doing Business in Ghana • Stable, multi-party government • Demonstrated commitment to market liberalization • Ongoing privatizations in key economic sectors • Expanding stock market • Competitive labor force • Ongoing infrastructure development • Export free zones where goods traded with other countries are exempt from customs duties and laws • Immediate access to all markets of the Economic Community of West African States (ECOWAS) • Quota-free access to U...

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and European Union markets • Member of the World Trade Organization (WTO) • Official language: English Investment Opportunities in Ghana Ghana has the following unique advantages for free zone investments • A stable political environment within the West African sub region • Abundant, adaptable and easily trainable labor force • A competitive daily minimum wage rate • Duty free access of manufactured exports to USA (AGOA) and European Union (EU) markets • No restrictions on issuance of work and residence permits to free zone investors and expatriates • Excellent sea and air connections with daily flights to Europe and USA • Strategic and central location within Africa providing access to market of 250 million people • An already existing industrial base • A dynamic private sector willing to collaborate with foreign partners • A committed and progressive government/ private sector participation • A high degree of personal safety • A truly hospitable people Investment Guarantees Ghana is a signatory to a number of investment guarantees, which serve to mitigate the risk of doing business...

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