Incentives

To attract investors into the Free Zones Scheme and to create a viable and sustainable business environment, the GFZA offers extensive and generous incentives to potential investors interested in developing and operating free zone enclaves and single-factory free zones in Ghana.

The monetary incentives offered 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 which will 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 where Ghana has a double taxation agreement with the country of the investors or employees.

Other non-monetary incentives are:

  • 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 also guaranteed against nationalization and expropriation.

News and Events

  • Ghana’s economy expands 3.9% in Second Quarter 2021

    Ghana’s economy expanded by 3.9% in the second quarter of this year, according to provisional figures from the Ghana Statistical Service. During the same period last year where Covid-19 had emerged, the Gross Domestic Product (GDP) growth rate was -5.7%. As the economy rebounds, visit the Ghana Free Zones Authority to find out about Government’s

    September 16, 2021
  • Two-day Public and Private Sector Dialogue

    Hon Alan Kyerematen with Amb. Michael A.N.N.Y Oquaye Jnr. and Mr Kinsley JoJo Fosu   A two-day Public-Private Sector Dialogue on the Role of the Private Sector in Ghana’s Post COVID Economic Recovery was hosted by the His Excellency Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana, at the Kempinski Grand Hotel from

    September 15, 2021
  • AfCFTA Secretariat establishes court to resolve trade disputes

    Wamkele Mene, AfCFTA Secretary-General   Wamkele Mene, Secretary-General of the African Continental Free Trade Area Secretariat, has said his outfit has established a court that will serve as a dispute resolution forum. The move according to Wamkele Mene is hinged on inspiring confidence among traders, offer clarity and certainty of trade deals as they use

    September 11, 2021
  • Amb. Michael A.N.N.Y Oquaye takes a tour of the Tema Export Processing Zone

    The CEO of the Ghana Free Zones Authority on the 9th of September 2021 embarked on a working tour of the Tema Export Processing Zone (TEPZ). The TEPZ which caters to most of the Free Zone enterprises is critical to the success and growth of Ghana’s export-focus orientation. Speaking to a cross-section of employees, the

    September 10, 2021