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

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  • EPA moves to ensure safe ammonium nitrate storage after Beirut explosion

    The Environmental Protection Agency (EPA) has directed companies that store ammonium nitrate to be mindful of accepted safety protocols. The EPA’s notice comes after a stockpile ammonium nitrate detonated in the capital of Lebanon, Beirut, last week Tuesday. In a statement, it directed “all concerned in the storage, handling and use of ammonium nitrate, to

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  • Govt to inject GH¢100bn to rescue economy

    The government has set in motion a programme to salvage the economy from the impact of the COVID-19 pandemic. Known as the Ghana COVID-19 Alleviation and Revitalisation of Enterprises Support (CARES) Programme, the historic initiative aims to inject a minimum of GH¢100 billion into the economy in the next three years to help protect lives,

    August 10, 2020
  • Akufo-Addo unveils first VW vehicles assembled in Ghana

    President Nana Addo Dankwa Akufo-Addo on Monday, [August 3, 2020] unveiled the first VW vehicles assembled in the newly established VW Assembly Plant in Ghana.The models being assembled are Tiguan, Teramont, Amarok, Caddy, Polo and Passat. President Akufo-Addo during the unveiling ceremony at the Kempinski Hotel said “it is a good day for Mother Ghana.”

    August 10, 2020