Print Options

 

 

Part A

List of Establishments and

Investment projects

 

PART B

Applicable Incentives and Benefits

 

 

 

Accommodation

Establishments including hotels, motels, resorts, guests houses, catering rest houses, serviced flats and apartments, holiday apartments and other accommodation establishments as categorized and licensed with the Ghana Tourist Board.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Exemption from the payment of customs import duties and other related charges and Value Added Tax on the following capital equipment, machinery, appliances, furniture and fittings in the pre-approved quantities to be used in establishing the project:

(i) refrigerators/deep freezers.

(ii) Televisions sets

(iii) Audio visuals and video equipment iv) Air conditioners,

(v) Public address system,

(vi) Furnishing including carpets, bedding and fixtures,

(vii) Fans,

(viii) Bedside & lounge audio visuals and video equipment,

(ix) crockery,

x) industrial ovens, cooking ware and

cutlery

(c ) Exemption from the payment of corporate tax for the following specified period:

(i) five years tax holiday for 2,3,4, and 5 star hotels or resorts in Accra

(ii) seven years tax holiday for 2,3,4, and 5 star hotels or resorts in Accra

(iii) ten years tax holiday for 2,3,4, and 5 star hotels or resorts located elsewhere.

(iv) four years tax holiday for accommodation establishments below 2 star in Accra or within a radius of thirty kilometers from Accra

(v) five years tax holiday for accommodation establishments below 2 star located in regional capitals or more than thirty kilometers but less than hundred kilometers from Accra General Post Office and

(vi) seven years tax holiday for the same category elsewhere other relevant incentives or benefits that are generally applicable to enterprises under the Ghana Investment promotion Centre Act 1994 (Act 478)

 

Catering Establishments, including fast food, specialized restaurants and other catering establishments as categorized and licensed by the Ghana Tourist Board.

 

(a) Exemption from the payment of customs import duties and other related charges and Value Added Tax on the following capital equipment, machinery, appliances, furniture and fittings in the pre-approved quantities to be used in establishing the project.

(i) Industrial ovens, cooking ware (industrial cookers, microwave ovens, deep fryers).

(ii) computers, printers and servers

(iii) public address system,

(iv) television sets

(vii) office equipment, and

(viii) delivery vans

(i)            three years tax holiday for catering establishments situated in Accra  or within thirty kilometers radius from Accra.

(ii) four years tax holiday for the same facilities in regional capitals,

(iii) five years tax holiday for the same facilities in located elsewhere

(d) other relevant incentives or benefits that are generally applicable to enterprises under the Ghana Investment Promotion Centre Act 1994 (Act 478)

 

 

Travel and Tour Establishments

Including operation of a fleet of tourist coaches and/or buses and car hire services

 

(a) Exemption from the payment of customs import duties and other related charges and Value Added Tax on the following capital equipment, machinery, appliances, furniture and fittings in the pre-approved quantities to be used in establishing the project:

(i) cars and tourist coaches to be used by operators,

(ii) air conditioners

(iii) furnishing including carpets,

(iv) computers, printers and servers,

(v) office equipment

(vi) Server for galileo system and radio communication equipment.

(b) Exemption from the payment of customs import duties and other related charges and Value Added Tax on the pre-approved quantities of knocked- down parts and components, and spare parts to be used as replacements to the items mentioned in Part A of this Schedule.

c)   Exemption from the payment of corporate tax for the following specified periods:

(i) three years tax holiday for enterprises situated in Accra or within thirty (30) kilometers radius from Accra

(ii) four years tax holiday for the same facilities in regional capital and

(iii) five years tax holiday for the same facilities located elsewhere

(d)   Other relevant incentives or benefits that are generally applicable to enterprises under the Ghana Investment promotion Centre Act, 1994 (Act 478)

 

 

Conference and Convention Establishments, including management and operation of international conference centres

 

(a)    Exemption from the payment of customs import duties and other related charges and Value Added Tax on the following capital equipment, machinery, appliances, furniture and fittings in the pre-approved quantities to be used in establishing the project:

           (i)  cars and tourist coaches to be used by  operators,

          (ii) air conditions,

           (iii) furnishing including carpets

       (iv) computers, printers and servers    (v)  office equipment,

          (vi) server for galileo system and radio communication equipment

            (vii) audio visual and video equipment

(b)    Exemption from the payment of customs import duties and other related charges and Value Added Tax on the pre-approved quantities of knocked-down parts and components, and spare parts to be used as replacements to the items mentioned in Part A of this Schedule

 (c)  Exemption from the payment of corporate tax for the following specified periods:

        (i) three years tax holiday for enterprises situated in Accra or within thirty (30) kilometers radius from Accra

      (ii) four years tax holiday for the same facilities in regional capitals,

      iii) five years tax holiday for the same               facilities located elsewhere, and

  (d) Other relevant incentives or benefits that are generally applicable to enterprises under the Ghana Investment Promotion Centre Act 1994,(Act 478).

 

 

Recreation of Entertainment Establishments, including nightclubs, amusement centres, theme parks, casinos, provision of facilities for hand gliding and paragliding, water skiing, surfing, yachting and boating, cruising, angling and other marine and water based recreational facilities

 

(a)    Exemption from the payment of customs import duties and other related charges and Value Added Tax on the following capital equipment, machinery, appliances, furniture and fittings in the pre-approved quantities to be used in establishing the project:

           (i)   air conditions,

           (ii)   furnishing including carpets

       (iii) computers, printers and servers

           (vi) audio and video equipment, and

            (vii) Cars and vans to be used by the operators and organizers.

(b)   Exemption from the payment of customs import duties and other related charges and Value Added Tax on the pre-approved quantities of knocked-down parts and components, and spare parts to be used as replacements to the items mentioned in Part A of this Schedule:

(c)  Exemption from the payment of corporate tax for the following specified periods:

       (i) three years tax holiday for enterprises situated in Accra or within thirty (30) kilometers radius from Accra

       (ii)     four years tax holiday for the same facilities in regional capitals,

          (iii) five years tax holiday for the same facilities located elsewhere, and

 (d)  Other relevant incentives or benefits that are generally applicable to enterprises under the Ghana Investment Promotion Centre Act 1994 (Act 478).

 

 

Strategic or Major Investment Project, which shall be limited to any other tourism project which the Board, in consultation with other relevant Government agencies may determine to be of a strategic or major investment status on the basis of its potential to significantly impact on the following:

   (i)  the level of investment in the economy

  (ii)  employment generation,

 (iii)  generation of further investments through           linkages with

  (iv)  increase in tourist arrivals and foreign           exchange earnings.

(v)   the development of specialized tourism ventures in areas such as eco-tourism, heritage or cultural tourism, historical or emotional tourism and sports

(vi)  the ability to market Ghana’s investment environment through the attraction of strategic investors

(vii) the realization of Ghana’s branded          image, and

(viii) such other objective as the Board may          consider relevant for achieving the          objects of the instrument

(a) The benefits and incentives to be granted to the identified strategic investor shall be as negotiated by the Board of the Ghana Investment Promotion Centre and with the approval of

 

(b)  In the special case of such projects,

 the benefits and incentives to be granted shall be in addition to the benefits and incentives already provided for under this instrument and such other relevant incentives or benefits that are generally applicable to enterprises under the Ghana Investment Promotion Centre Act 1994, (Act 478)

 

 

SIGNED BY PAUL VICTOR OBENG

                                            Chairman of the Ghana Investments Promotion Centre

                                                                              Date of Gazette notification: 18th November, 2005                                                            Entry into force: 10th February, 2006