1. HOW GHANA HAS IMPROVED ITS EASE OF DOING BUSINESS INDICATORS Mawuena Trebarh (Mrs.) – Chief Executive Officer Ghana Investment Promotion Centre, gipcghana.com

2. Presentation Outline  Ghana: Salient Facts  Significant Reforms  Factors Driving Improvements  Ghana’s Doing Business Rankings  About GIPC  Ghana’s FDI Drive  GIPC Initiatives

3. Ghana: Salient Facts  Middle income country  West Africa’s 2 nd largest economy and market  Population of 25.28m people  GDP US$ 38,303 bln in 2014  Best destination for ease of doing business in West Africa - World Doing Business Report 2014  Among the top 5 destinations for doing business in Sub-Sarahan Africa  31,028,253 m mobile voice subscribers as at Feb. 2015

4. Significant Reforms (2008- 2015) Ghana has in the last decade undertaken several measures to ensure extensive reform with the objective of putting the economy on a good footing. Some Significant Reforms (2008-2015): Computerization at the company registry reducing time required for business registration Streamlining property registration Upgrading Port infrastructure to reduce congestion in the ports Introduction of modern and automated commercial courts to improve efficiency of commercial dispute resolution Enhancing access to credit by licensing a credit bureau and establishing a centralized collateral registry.

5. Factors Driving Improvements  Growing reputation as the most stable political environment in West Africa  Transparent legal & regulatory framework  Bilateral Investment Treaties (BITs) and Double Taxation Agreements (DTAs) to deepen international cooperation and encourage technology transfer and foreign direct investments  Availability of a robust and well regulated financial services sector with very viable institutions

6. Factors Driving Improvements  Generous investment incentives, benefits and guarantees  Development of a diversified portfolio of infrastructural projects for national development.  Partnership with the private sector to drive the development agenda  Institutional reform and capacity building for improved service delivery by public sector institutions

7. Doing Business Report 2015 Rankings CountryRanking 20152014 Cote d’Ivoire 147158 Ghana 7069 Kenya 136137 Nigeria 170175 South Africa 4337 How Ghana and Comparator Economies Rank on the Ease of Doing Business

8. Doing Business 2015 Rankings How Ghana and Comparator Economies Rank on the Ease of Doing Business IndicatorGhanaNigeriaSouth Africa Best Performer Globally Starting a business9612961New Zealand (1) Dealing with construction permits 10617132Hong Kong SAR, China (1) Getting Electricity71187158Korea Rep. (1) Registering Property4318597Georgia (1) Getting Credit3652 New Zealand (1) Protecting Minority Investors 566217New Zealand (1) Trading Across Borders120159100Singapore (1) Enforcing Contracts16114046Finland (1)

9. The GIPC Mandate The Ghana Investment Promotion Centre (GIPC) is a government agency established under Act 865 to promote, coordinate and facilitate investment in the Ghanaian economy. Our functions include:  Investment advisory services  Joint venture search  Identification of specific projects for investment promotion  Grant of investment incentives and provision of investor support services  Registration of technology transfer agreements  Negotiation of Bilateral Investment Treaties

10. Ghana’s FDI Drive  100% foreign ownership  Joint Ventures are strongly encouraged and promoted.  Drive for FDI has been targeted and sector specific.  Guided by the principle of translating FDI into tangible results  Ghana has recorded very high project values over the past five years.  Average of US$ 4.3 billion investment a year over the last five years.

11. GIPC Initiatives to Improve Ghana’s Business Environment  One Stop Shop  Akwaaba Services  Think Ghana Campaign  Stakeholder Engagement  CEOs Breakfast Meetings  Annual Budget Input seminar  Engagements with Business Associations  Enhanced Relations with Foreign Missions in Ghana & Ghana’s Missions Abroad

12. Thank you Ghana Investment Promotion Centre www.gipcghana.com