The law requires that these agreements be registered with the Ghana Investment Promotion Centre (GIPC). The GIPC is the public agency responsible for promoting investment in Ghana and is also responsible for registering all technology transfer agreements between a local entity (named acquirer) and a foreign entity (called ceding). Look at the full article here: legalstonesolicitorsllp.com/2018/10/07/technology-transfer-administration-in-ghana/ The law insists that if the services a company needs are available in Ghana, this service cannot be the subject of an ATT where the same service is paid by money transfer outside the country. The law aims to encourage local businesses to use local services. THE ATTs are defined in Act 865 as agreements with a company, She stated that services such as industrial property, technical know-how, know-how and management services were the four general areas of the GIPC Act that needed to be registered and added that “if such an agreement exists between a local company and a foreign company covering one or more of these services, the company must register such an agreement with the GIPC.” “We stand ready to work closely with the Bank of Ghana and the Ghana Revenue Authority to ensure compliance with technology transfer legislation. We are also ready to “fee transfer is a central theme; Local businesses convert their income into foreign currency and withdraw them from the country, which has a huge impact on Ghana Cedi. We are talking about millions of dollars; the average company that comes to the centre earns an average of $3 million to $4 million a year, and some contribute $15 million to $20 million a year as part of these agreements,” she added. An ATT is an agreement between a foreign unit and a Ghanaian unit for a period of no more than 18 months and no more than 10 years and includes the following services: All costs due to the unregistered ATT cannot be legally transferred. The Director of Ghana`s Investment Promotion Centre (GIPC) – Legal Division, Mrs.
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