Under Act 865, all Technology Transfer Agreements must be reviewed and registered by the Ghana Investment Promotion Centre, which is the agency responsible for among others, the registration and monitoring of all technology transfer agreements in Ghana.
A Technology Transfer Agreement in Ghana is an agreement entered into by two entities when a foreign firm/enterprise transfers its technology, expertise, know-how or facilities to an entity inside Ghana.
According to the law all Technology Transfer Agreements must conform to and be guided by the Ghana Investment Promotion Centre Act 2013 (Act 865)
GIPC legislation sets out the following thresholds of fees payable under Technology Transfer Agreements
|Industrial Property Services||0-6% of Net Sales of Transferee|
|Technical Services including Know How||0-5% of Net Sales of Transferee|
|Technical Services only||0-3% of Net Sales of Transferee|
|Know How only||0-2% of Net Sales of Transferee|
|Management Services||0-2% of Profit Before Tax of Transferee|
In limited situations an application may be made to the GIPC for higher fees to be paid by the Transferee to the Transferor.
For more information on TTAs Click here