By Mawusi El Mensah

Attorney Kofi Asmah, managing partner of Gyandoh Asmah and Co has highlighted the various opportunities available in agriculture, mining, and oil sectors and noted that Ghana’s stable democratic environment and investment-friendly laws are conducive for US investors.

Addressing an American Bar Association (ABA), International Law Section meeting Kofi Asmah, who is also Chair for the Ghanaian Hungarian Business Council, noted that Ghana has the fastest growing economy in the world according to the World Bank’s Ease of Doing Business Report 2019 and is currently rated B by Fitch.

“Ghana has a very easy and unlimited foreign exchange transfer regime back to the US. Under GIPC Act (Act 865), benefits include Government Guarantees against expropriation, provides Custom duty exemption on plant, machinery and equipment, Full repatriation of dividends and net profit attributed to investment, Transfer of funds in respect of servicing of foreign loans, Transfer of funds after liquidation, Automatic Immigrant Quota, and Time-bound work permits”.

Other distinguished speakers at the Forum include Lawrence Tang, InvestHK, Alan Mc Glinghey, IDA Ireland, Jolynn Vallejo, GlobalSF and Guy Berthiaume, of the Québec Trade Office.

In a survey conducted after the ABA International Start-Up and Emerging Countries Forum meeting, Ghana polled 37% ahead of leading investment destinations, Hong Kong, and Ireland.

The survey was conducted by moderators, ABA co-chairs, M. Susan Burns of Minneapolis, Minnesota, and D. Porpoise Evans of Perlman, Bajandas, Yevoli, and Albright of Miami, Florida.