At GFZA and in Ghana, there are 11 main sectors that have been identified as priority areas for foreign direct investment. Ghana has comparative advantage in these areas and intends to capitalize on this advantage to attract investment into the country.
Information and Communication Technology [ICT]
Ghana has the potential for the development of ICT. Currently there are various institutions offering training in different aspects of ICT. Thus, Ghana offers a steady stream of young professionals with marketable skills in ICT. ICT enabling infrastructure is being developed which will in turn lead to the creation of more Information Technology Enabling Services (ITES) in the country. Ghana is taking advantage of its status as an English speaking country to attract business processing orders and outsourcing/back office jobs from the USA and Europe.
Ghana has benefited from the African Growth and Opportunity Act (AGOA) initiative and still enjoys the extension of this advantage for another 10 years during which time the USA market can be accessed easily on a quota/duty free status. The Textile & Garment industry has therefore become a lucrative investment area with unimpeded quota/duty free access to the US market. Ghana is maximizing this advantage by the creation of a 178-acre Textile and Garment village located within the Tema Export Processing Zone. This Textile & Garment village is located close to the port city of Tema and Ghana’s international airport thus providing easy access for the import of raw material and export of finished products to the USA and Europe. The textile village also has facilities like electricity, water and ready factory shells for investors who wish to re-locate their industries in Ghana to take advantage of the duty and quota free access that the country enjoys.
Ghana has a wide range of agro-products that are currently exported in their raw state.
Opportunities therefore exist in the agro-food processing sector for manufacturing industries to add value to local agricultural products e.g. cocoa, cashew, tropical fruits and vegetables. With the emphasis shifting from raw exports to processed exports, the investment opportunities are endless.
The seafood processing sub-sector is emerging as one of the attractive sectors for investment. The free zone can currently boast of one of the major fish processing firms in West Africa, processing about 170 tons of seafood (tuna) a day. There is in fact a large volume of tuna, available all year round, in the coastal seas of Ghana. The processing of tuna and many other marine species therefore presents a great opportunity to any investor interested in seafood processing.
The jewellery sector is one of the potential areas for investment. Ghana’s position as a major exporter of gold affords investors the opportunity to refine the gold and produce jewellery for export. Ghana currently exports unrefined gold. Investments in this sector, which will lead to value addition to the unrefined gold, will yield great returns for business.
Metal/Hand Tool Fabrication
Opportunities exist in the metal/hand tool fabrication industry for investment. There is an untapped pool of skilled labour in the tool manufacturing industry. The introduction of new technology in this sector will enhance the skills base of Ghanaians and will facilitate production of tools for export.
Opportunities exist for the exportation of cut tropical flowers for export. There is also availability of land in the cool mountainous areas of the Eastern and Volta regions where a wider variety of flowers can be cultivated. The country can boast of cool storage at both sea and airports for the provision of a seamless chain of reliable cool storage. There is also reliable cool storage transportation to ensure fresh delivery of the flowers to the export market.
Light Industry/Assembling Plant
The economy of Ghana is developing and the emphasis on small-scale agriculture is shifting to large scale farming and manufacturing. There is therefore the opportunity for investment in
assembling plants and light industry to assemble semi finished imported goods for the sub-regional market.
Ceramic Tiles Manufacturing
Opportunities exist in the ceramics sector for the production of building and household ceramic products. There is a ready supply of raw materials for this industry.
The current trend for low cost and effective drugs poses a great opportunity for pharmaceutical companies to locate in Ghana and take advantage of of the competetive cost of labour to produce drugs at a relatively lower cost for the sub-region and other developing economies.
UNDERSTAND THE FREE ZONES AUTHORITY ACT
The GFZA was established on 31st August, 1995 by an Act of Parliament to enable the establishment of free zones in Ghana for the promotion of economic development; to provide for the regulation of activities in free zones and for related purposes.
UNIQUE ADVANTAGES YOU ONLY GET FROM THE FREE Zones Authority
Investors are invited to come to Ghana and allowed our easily and abundant labour force be a source of competitive advantage for you as you explore and develop larger markets for your goods and services.
NEWS & EVENTS
Ghana FREE Zones Authority GETS NEW OFFICE COMPLEX
The Minister of Trade and Industry, Dr. Ekow Spio Garbrah has on behalf of President John Mahama commissioned an office complex for the Ghana Free Zones Authority(GFZA) in Cantonments, Accra.
The Republic of Ghana is located in West Africa and bordered by Côte d'Ivoire (Ivory Coast) to the west, Burkina Faso to the north, Togo to the east and the Gulf of Guinea to the south. The word Ghana means "Warrior King" and derives from the Ghana Empire in pre-colonial times.
The Ghana Free Zones Authority (GFZA) was established on 31st August, 1995 by an Act of Parliament–1995 (Act 504), to enable the establishment of free zones for the promotion of economic development; to provide for the regulation of activities in free zones.
Access a wide range of downloadable content including reports, videos, photos, brochures, articles, speeches and more from the Ghana Free Zones Portal. All downloads require Adobe PDF Reader. If you do not have it installed on your system, please install Adobe Reader.
Click here to access the Ghana Free Zones Authority Annual Reports. All downloads require Adobe PDF Reader. If you do not have it installed on your system, please click the Adobe Logo to download Adobe Reader. For additional information, please contact us here.
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The GFZA Head Office
5th Link Rd, East Cantonments
[Near US Embassy]
Postal Address - P.O.Box M626
+233 302 780535 | 785037
+233 24 2174534
+233 302 780536 | 780537
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GFZA launches new Head Office
The GFZA has unveiled its new Head Office in Accra. See pictures from the event and more here and do not forget to visit anytime you are in the area.
GFZA launches new Website & Portal
The GFZA has just launched its new web portal with features such as online portal access for GFZA Enterprises, Live Chat, Online Business Registration forms for download, social media presence and a whole lot more.
Visit the site and let us know what you think or send in suggestions.