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
Africa Economic Zones Organization (AEZO) is pleased to welcome you to the 6th Annual Meeting of African Economic Zones. We are delighted to have you join us ! We know some of you will travel quite the distance to be at the 6th Annual Meeting and we would like to wish you a safe flight.November 18, 2021
November 18, 2021
Amb. Michael Oquaye is currently attending the Intra-African Trade Fair in Durban, KwaZulu-Natal. The theme for this year’s Intra-African Trade Fair is “Building Bridges for a successful AfCFTA”. On the sidelines of the Event, H.E Oquaye attended a high profile meeting with the Premier of KwaZulu-Natal Hon. Sihle Zikalala KwaZulu-Natal is a developing province whichNovember 17, 2021
This afternoon,the nine-member governing board of the Ghana Free Zones Authority was inaugurated and sworn-in at a brief ceremony at the Ministry of Trade and Industry. The Ghana Free Zones Authority board is chaired by the Hon. Alan John Kwadwo Kyerematen, Minister for Trade and Industry. Members of the board include Amb Mike Oquaye Jnr,October 23, 2021