Registering A Technology Transfer Agreement In Ghana

Several local entities go into technology transfer agreements or management services agreements with foreign entities for the use of their technologies and services in Ghana. These agreements normally require that regular payments are made by the local entities for the use of these technologies or services. These agreements sometimes cover a locally registered foreign company and their parent/external company or a Ghanaian company and a foreign company.

It is required by law that such agreements are registered with the Ghana Investment Promotion Centre (GIPC). The GIPC is the state agency for the promotion of investments into Ghana and is also mandated to register all Technology Transfers Agreements (TTAs) between a local entity (referred to transferee) and a foreign entity (referred to as the transferor).