Incentives

There are extensive and generous incentive packages in the Free Zone Act (1995) for investors interested in developing and operating free zone enclaves and single-factory free zones in Ghana include:

  • 100% exemption from payment of direct and indirect duties and levies on all imports for production and exports from free zones.
  • 100% exemption from payment of income tax on profits for 10 years and shall not exceed 15 per cent thereafter.
  • Total exemption from payment of withholding taxes from dividends arising out of free zone investments;
  • Relief from double taxation for foreign investors and employees;
  • No import licensing requirements;
  • Minimal customs formalities;
  • 100% ownership of shares by any investor – foreign or national in a free zone enterprise is allowed;
  • There are no conditions or restrictions on: repatriation of dividends or net profit; payments for foreign loan servicing; payments of fees and charges for technology transfer agreements; and remittance of proceeds from sale of any interest in a free zone investment;
  • Free Zone investors are permitted to operate foreign currency accounts with banks in Ghana;
  • At least 70% of annual production of goods and services of Free Zone Enterprises must be exported; consequently up to 30% of annual production of goods and services of a free zone enterprise are authorized for sale in the local market Free Zone investments are guaranteed against nationalization and expropriation.

News and Events

  • Don’t condemn the entire Free Zones – Free Zones boss to GRA

    The Ghana Free Zones Authority has stated that it does not support illegal acts and would support the Customs Division of the Ghana Revenue Authority (GRA) in carrying out its mandate of policing goods entering and exiting Free Zone areas. It has consequently asked the GRA not to use the culpability of one Free Zone Company

    November 15, 2018
  • Auditing of licensed duty-free begins

    The Ghana Free Zones Authority (GFZA) is undertaking an independent audit of all licensed duty-free shops and household plastic manufacturing companies found to have violated the Free Zone Act 1995 (ACT504). The audit has become necessary following the arrest of some four persons by the Ghana Revenue Authority (GRA) for diverting duty-free goods released for

    November 15, 2018
  • Ease Of Doing Business Report: Ghana Moves Up Six Places

    Ghana has made progress in the ease of doing business, according to the World Bank Group 2019 Doing Business Report- Training for Reform, released yesterday. Ghana improved its ranking to 114 out of 190 economies up six places from 120 in the 2018 Doing Business Report. Ghana’s ease of doing business score formerly called distance

    November 2, 2018
  • Media Briefing: Inactive Free Zones companies face delisting

    Date: Aug 07 , 2018 , 09:48 BY: Doreen Andoh, Graphic Online   At least 60 out of the 200 companies operating in free zone enclaves risk having their names delisted from the records of the Ghana Free Zones Authority (GFZA) because they have become inactive. The authority will go ahead to delist such companies

    October 29, 2018