Ghana Investment Climate Program

completed

The project will focus on three priority areas (i) investment policy and promotion; (ii) Doing business reforms and (iii) agribusiness competitiveness. A. Investment Climate Advisory DOING BUSINESS This component supports the modernization of the legal framework for business and support the review of obsolete commercial laws/regulations to achieve endorsement of good-practice regulatory regimes by: (1) Supporting the Government to regain its Business Reform Momentum: (2) Upgrade the legal framework for Business and support the review of obsolete laws: Review of the Companies Act of 1963, Bodies Corporate Act of 1963 (Insolvency Bill), Review of the Construction sector regulations. AUTOMATION OF GOVERNMENT TO BUSINESS SERVICES: The project will support streamlining of Business Registration process with the creation of OSS. B. Investment Policy and Promotion: This component supports the strengthening of the investment policy framework as well as strengthen GIPC's investment promotion capacity to provide quality services to investors throughout the investment life cycle. INVESTMENT FRAMEWORK (1) Strengthening the Investment Policy and Promotion Framework: This component aims at helping the Government of Ghana modernize its investment policy and promotion legal framework to support a more investor-friendly and transparent business environment. The work will focus on reviewing Ghana’s Investment Code (GIPC Act, 2013) and providing recommendations and drafting support to support its alignment with modern investment codes globally. INSTITUTIONAL STRENGHTENING (2) Supporting GIPC’s Investment Promotion Performance: This component will help build GIPC’s investment promotion capacity to provide relevant services to investors throughout all stages of the investment life cycle, and increase conversion from potential investment, to announcement, to operational, to expanded, and linked investments. C. Agribusiness Competitiveness This component promotes a conducive regulatory environment for the sustainable development of tree crops, by supporting the establishment of the Ghana Tree Crops Development Authority (TCDA) as a good practice agribusiness regulatory board. The technical assistance is focused on supporting the adoption of the GTCDA Act and the introduction of good regulatory practice in Agribusiness. The project support will focus on : (1) Development of an institutional strategy for the Tree Crops Development Authority and its implementation plan; (2) Introduce the newly appointment TCDA management and board to good regulatory practice in Agribusiness focusing on Licensing Policy, Public Consultations management, Risk Management, Cost recovery mechanism; (3)Capacity building of TCDA management through peer learning.