Stable Democratic Climate
* A stable political environment within the West African sub region, with established democratic institutions and systems to ensure good governance of the country.
* A truly hospitable people.
* High degree of personal safety.
*Beacon of democratic development, peace and rule of law in West Africa (BTI 2020 Ghana Country Report).
Ease of Doing Business
* No restrictions on issuance of work and residence permits to free zone investors and employees.
*Well-designed policy to decentralize industry development in districts under Government’s Industrialisation agenda.
*Operation of a one-stop-shop for Free Zones Investors (Immigration, Vehicle Registration, Tax Exemption Processing, Aftercare and Advocacy).
*Excellent sea and air connections with Europe and USA.
*Strategic and central location within West Africa provides access to the ECOWAS market with an estimated population of 400million.
*With the headquarter of the African Continental Free Trade Agreement (AfCFTA) in Accra, Ghana has become the Commercial capital of Africa with access to an estimated 1.2 billion People.
*Geographically situated as one of the largest airports in Africa and adjudged the best airport in West Africa and 4th best in the World by the Airport Council International (ACI) Africa.
*The Tema port is one of the largest indigenous ports in West Africa (The port has been enhanced to handle an estimated 4million Twenty- foot Equivalent Unit- TEUs).
*Duty free access to selected manufactured products to USA under the African Growth and Opportunity Act (AGOA) and European Union markets under the Economic Partnership Agreements (EPA).
Competitive and Educated Labour Force
*Abundant, adaptable and easily trainable labour force.
*A competitive daily minimum wage rate.
*The country’s literacy rate for 2018 was 04%, a 7.54% increasefrom 2010. (World Bank Ghana Literacy Rating-2018). With the introduction of Free Senior High School (FSHS), the youth now have access to quality skill development and are better equipped for work.
*Ghana has a young age structure, with a 34.27% of fairly young people between the ages of 25-54. (CIA World Factbook, 2020).
Strong Resource Pool
*A comparatively well-developed infrastructure i.e. internal road network, reliable power and water supplies, internal and external communications as well as sea and airport facilities.
*An already existing industrial base ranging from heavy engineering to precision industries, electronics, agro processing, plastics and metal work, clothing and textiles, jewellery and wood processing.
*Availability of a stock exchange as well as other bank and non-banking financial institutions.
*9th Wealthiest African country ranked by Gross Domestic Product (GDP) and Primary Exports (World Bank and African Development Bank Economic Outlook -2020).
*Fastest growing Economy (International Monetary Fund World Economic Outlook- 2019).
*Second best performing West African country (World Bank Ease of Doing Business- 2019).
News and Events
The GFZA’s team, as part of their participation in the 2020 Dubai Expo attended the Global Business Forum (GBF) held on October 13th, 2021. The Forum which was held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai brought theOctober 14, 2021
October 13, 2021
Breast cancer awareness has become a central piece of the Corporate Social Responsibility of the Ghana Free Zones Authority – Amb Michael Oquaye, Chief Executive Officer, GFZA As part of activities to mark this year’s Breast Cancer Awareness Month, the Ghana Free Zones Authority (GFZA) has put together series of events aimed at sensitizingOctober 13, 2021
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE Ghana is fast emerging as a preferred market for Dubai-based companies that are looking to expand their presence into Africa and tap into new investment opportunities. A number of factors have been fueling this trend, such as ongoing efforts byOctober 5, 2021