Invest in Accra - Focus Hospitality Limited - Investment Opportunuty

WHY INVEST IN ACCRA?

Accra has seen significant growth since the last two decades and continues to develop. The city is easily accessible to the markets of all the member states of the Economic Community in West Africa (ECOWAS) and there is also easy access to the USA and the European Union Markets

With a population of 2,344,000 and a growth rate of 1.97%, infrastructure in the city is constantly expanding and improving to meet the needs of residents, visitors, investors and business travelers.

Accra boasts of a world class airport in the sub-region, modern infrastructure, a booming real estate market, a stable economic environment, foreign ownership opportunities, rising oil and gas productions.

The city is a safe and stable location for trading with regional and international markets and it has earned a great reputation as the top regional hub for many of the world’s biggest companies in the sub-region.

With most local companies requesting for public-private partnerships from foreign investors to invest in development and expansion of infrastructure and real estate (initiatives of the current government), the economic environment is attractive and competitive and has the potential to grow bigger and better to benefit locals and investors in the near future.

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Property Tax Rate

In Ghana, property taxes are as follows

8 %

For Personal

15 %

For Commercial

1 %

Stamp Duty

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GDP

CURRENTLY, GHANA’S REAL GDP GROWTH IS 6.5% and this is a huge recovery from PREVIOUS YEARS THAT HAVE SEEN GDP AT A LOW OF 3.3%.

Oil productions from new fields are expected to increase strongly and therefore ties in with more infrastructure developments, influx of investors and business travelers. New developments are being planned and executed frequently to meet the growing needs and demands of this category of people.

The policies of the Ghanaian government seeks to encourage investments in domestic infrastructure from both local and foreign private capital. There is also an industrialization drive by the government that promises to boost regional trade links. Trade links to the United States will be entrenched by the African Growth and Opportunity Act (AGOA). The government aims to achieve exports of US$ 500M to the US by 2020.

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