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With Effect From Wednesday, 15th December, 2021, the exchange rate for all transactions is $1.00 to GHS 6.20
Seafood Processing
The seafood processing sub-sector is emerging as one of the attractive sectors for investment. The processing of tuna and many other marine species presents a great opportunity to any investor interested in seafood processing.
Light Industry & Assembling Plant
The economy of Ghana is developing, and the emphasis on small-scale agriculture is shifting to large-scale farming and manufacturing. Therefore, there is the opportunity for investment in assembling plants and the light industry to assemble semi-finished imported goods for the sub-regional market.
Ethnic Beauty Products
The ethnic beauty products industry is moving into the phase of a viable exporter to the regional market. This sector, with immense growth potential, therefore presents investment opportunities.
Jewelry Production
The jewelry sector is one of the potential areas for investment. Ghana’s position as a major exporter of gold allows investors to refine the gold and produce jewelry for export.
Pharmaceuticals
The current trend for low-cost and effective drugs creates an excellent opportunity for pharmaceutical companies to locate in Ghana and take advantage of the competitive cost of labor to produce drugs at a relatively lower cost for the sub-region and other developing economies.
Metal Fabrication
The metal fabrication sub-sector is one of the sectors with significant growth potentials, especially regarding exports to the West African sub-region. A variety of products are manufactured within this sector, including aluminum and enamel cookware, machine parts, and food cans.
Information and Communication Technology
The focus of the GFZA for this sector is in Business Process Outsourcing, where back-office jobs can be processed in Ghana for foreign companies. ICT enabling infrastructure is being developed, which will lead to the creation of more Information Technology Enabling Services (ITES) in the country. The GFZA is taking advantage of Ghana’s status as an English-speaking country to attract business processing orders and outsourcing/back-office jobs from the USA and Europe.
Textile/Apparel Manufacturing
Ghana has benefited from the African Growth and Opportunity Act (AGOA) initiative and will continue to enjoy this initiative as long as Ghana remains a member of AGOA. This means that the USA market can be accessed easily on a quota/duty-free status. The potential for the textile/ garment sector is enormous. To enable investors to set up easily, a Textile and Garment village has been created within the Tema Export Processing Zone (Multipurpose Industrial Park), where there is a dedicated supply of utilities.
Floriculture
Opportunities exist for the exportation of cut tropical flowers for export. Investors interested in this sector can take advantage of the good climatic conditions in Ghana and the availability of land for the cultivation of a wide variety of flowers for the export market.
Agro Processing
The agro-food processing sector also has vast opportunities for investors. Ghana has a wide range of agro products, most of which are exported in their raw state. Opportunities, therefore, exist in the agro-food processing sector for manufacturing industries to add value to local agricultural products, e.g., cocoa, cashew, tropical fruits, and vegetables.
Oil & Gas
The sector has many opportunities for companies in the oil and gas space. The Free Zones Authority has two enclaves dedicated to the oil and gas sector. There are opportunities for investors interested in enclave development and downstream processing facilities such as chemical producers, plastics, and other petroleum products.
