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The Royal Akyem Kingdom

The Royal Akyem Kingdom. Historical Background. Emerged during 14 th Century One of the five (5) Akan States [Assin, Adanse, Denkyira, Akyem, Asante] Migrated from Central Africa. Location & Vegetation. Single Largest traditional state Population: approx. 1.5 Million

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The Royal Akyem Kingdom

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  1. The Royal Akyem Kingdom

  2. Historical Background Emerged during 14th Century One of the five (5) Akan States [Assin, Adanse, Denkyira, Akyem, Asante] Migrated from Central Africa

  3. Location & Vegetation Single Largest traditional state Population: approx. 1.5 Million Land area: 5204 squared kilometers Longitude 10 00’ West and 00 15’ West Latitudes 50 45’ North and 60 45’ North

  4. Location & Vegetation

  5. Political

  6. Health • 80 state managed health institutions and 25 private hospitals and clinics • Doctor to patient ratio stands at 1:28,000 • Malaria remains # 1 killer disease although HIV/AIDS is in top ten • Inadequate health personnel & uneven distribution of facilities

  7. Transport • About 300 km of primary roads, 200 km secondary roads, and about 75 km of railways • Other access roads, tracks, paths and footbridges make up the transport infrastructure

  8. Forestry • Forest Reserve comprises 60.5% of the original forest cover of the Eastern Region of Ghana

  9. Tourism • The Seismological Station (Kukurantumi) • Historical Whetting Rocks • Prebi Stream • Nana Obuo Sacred virgin forest • The Butterfly sanctuary • The monkey sanctuary • Obodanase Cave and Stone Church Hse • Obuahwe Cave

  10. Tourism • Bunso Arboretum • Trudu Waterfall • Akrumu Waterfalls • Suhurum Waterfalls • Mfojo Waterfall • Kentenkren Waterfall • Ancestral Cave • Akusu waterfall

  11. Tourism • War Cave • Hunters Cave • Snake Palm tree • Adasawase Caves Complex • Natural “Bottomless” Pit • Giant Tree • Okyenhene’s palace at Kyebi

  12. Agriculture Rainfall is 130.5mm and 226.6 mm. Non-traditional crops like black pepper, sunflower Bee-keeping, mushroom, tomatoes, garden eggs, pepper for export on a large scale. Irrigation farming using Volta Lake

  13. Agriculture Several agro based industries in the Kingdom 2 major processing companies in the Kingdom are the Ghana Oil Palm Development Co. Obooma Palm Oil mills Two research institutions which deal with oil palm and citrus

  14. Mineral Production Bauxite deposits have been estimated at 182 million tonnes Ghana produced 283,400 carats of diamonds in 2011. Estimated 11million reserves estimated around the Birim River in the Kingdom Gold production for 2011 - 3.6 million ounces up from 3.4 million ounces in 2010

  15. Investing in Ghana There is custom duty exemption for agricultural, and industrial plant, machinery and equipment imported for investment Agro processing – the business of converting crops, fish or livestock produced in Ghana into edible canned or other packaged product other than in their raw state – 5 years exemption

  16. Investing in Ghana Exemptions i.   Tax Holiday (from start of operations) a. Real Estate: The income of a company from a business of construction for sale or letting of residential premises is exempt for five (5) years from the date of commencement of operations.b. Rural Banks: 10 years

  17. Investing in Ghana Exemptions c. Agriculture and agro-industry: Cocoa farmers and producers – income tax exempt Cattle ranching - 10 years Tree cropping (e.g. coffee, oil palm, shea butter, rubber and coconut) –10 years Livestock excluding cattle and poultry - 5 years Fish farming, poultry and cash crops - 5 years

  18. Investing in Ghana Exemptions Waste Processing (including plastics and polythene) – 7 years Free Zones Enterprise/Development - 10 years and 8% thereafter.

  19. Investing in Ghana Locational Incentives   (Tax Rebates) a) Manufacturing industries located in regional capitals other than Accra and Tema        - 25 % rebate Elsewhere              - 50% rebate b) After the initial 5-year tax holiday period, agro-processing enterprises, which use local agricultural raw materials as their main inputs, shall have corporate tax rates fixed according to their location as follows: Accra-Tema – 20% Other Regional Capitals – 10% Outside Regional Capitals – 0% Northern, Upper East, Upper West Regions – 0%         

  20. Investing in Ghana Investment Guarantees Free Transferability of Capital, Profits and Dividends Insurance Against Non-Commercial Risks Double Taxation Agreements Investment Promotion and Protection Agreements

  21. Investing in Ghana Free zone investors do not require any minimum capital investment. However, investors must indicate their ability to fulfill the minimum 70% export requirement

  22. Investing in The Kingdom Information Communication Technology Sports/ Sports Medicine Education Agro Processing (Oil palm and Fruit) Plantation (Oil Palm and Rubber) Mining (Gold, Kaolin, Diamond)

  23. Why Invest Ghana is strategically located within West Africa with easy access to one of Africa’s biggest markets with a population of 250 million people. Ghana’s location together with its relative stability makes Ghana a gateway for regional trade and investment

  24. Why Invest No restrictions on issuance of work and residence permits to free zone investors and employees Duty free access of manufactured exports to USA (AGOA) and European Union markets Excellent sea and air connections with Europe and USA

  25. Why Invest An already existing industrial base. Availability of land in the Kingdom without any encumbrances Stature and credibility of the King in assisting to set up business in Ghana A competitive minimum wage rate

  26. Why Invest A stable political environment Abundant, adaptable and easily trainable labour force. Adult literacy rate of 65% with 71.7% male and 58.3% female. 83 percent of the children in Ghana are in school, making it one of the countries with the highest school enrolment rates in West Africa. Ghana can also boast of highly educated persons who have been trained abroad and have excelled in the various industries.

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