UNDERSTANDING THE FREE ZONES ACT
The GFZA was established on 31st August, 1995 by an Act of Parliament to enable the establishment of free zones in Ghana for the promotion of economic development; to provide for the regulation of activities in free zones and for related purposes.
The global trend of investing in export processing/industrial zones has caught up with Africa as a whole and Ghana specifically. Africa is also being acknowledged as the new frontier for trade and investment. With Ghana’s position as the gateway to West Africa, investors can expand their businesses to new and emerging locations.
By the enactment of the Free Zone Act, investors are being offered elaborate fiscal, trade and investment incentives to encourage the production of goods and services primarily destined for export markets through the attraction and utilization of Foreign Direct Investment and increasing the role of the local private sector.
Ghana’s Free Zones Programme is designed to promote processing and manufacturing of goods through the establishment of Export Processing Zones (EPZs), and, encouraging the development of commercial and service activities at sea- and air-port areas. The programme combines both the enclave and single factory enterprise schemes; therefore the whole of Ghana is accessible to potential investors. The main aim of the Programme therefore is to open Ghana up to potential investors who can utilize the Free Zones as a base to produce goods and services mainly for export. Free zone enterprises are however allowed to sell up to 30% of their annual production on the local market.
The GFZA is the government agency responsible for the implementation and administration of the Free Zones Programme in Ghana. Its role is to facilitate, regulate and monitor activities within the free zones.
The current Management is determined to lead the GFZA into a new era with a firm commitment to the vision and mission of the GFZA to provide a favorable environment for investors. In our journey to become a relevant player, our management structure has evolved to sharpen our focus on the needs of the investor and satisfy those needs with greater speed and effectiveness.
The Ghana Free Zones Programme is attracting investors looking for the ideal destination in West Africa and a premier location for labour intensive investments. Whether you are looking for the right location, expanding into new markets or looking for unexplored opportunities the GFZA can assist. We support companies to make the most of every opportunity that Ghana offers, from the generous incentives to the abundant and easily trainable labour force.
Investors in the Ghana Free Zones Programme benefit from the ease of doing business, a progressive government committed to the development of the private sector, relatively developed infrastructure and a competitive labour cost. It is our firm resolve to offer the most favorable business environment for a mutually beneficial operation in Ghana.
I take this opportunity to reiterate our commitment to continually aspire to providing excellent services, improved infrastructure within the designated free zones and professionalism in dealing with our clients and potential investors.
Investors are invited to come to Ghana and explore the opportunities available under the free zones programme and utilise our easily trainable and abundant labour force as a source of competitive advantage to develop larger markets for your goods and services. The GFZA is ready to partner you to make your location in Ghana profitable.
Download a copy of the Ghana Free Zones Act Here
News and Events
The Ghana Free Zones Authority has stated that it does not support illegal acts and would support the Customs Division of the Ghana Revenue Authority (GRA) in carrying out its mandate of policing goods entering and exiting Free Zone areas. It has consequently asked the GRA not to use the culpability of one Free Zone CompanyNovember 15, 2018
The Ghana Free Zones Authority (GFZA) is undertaking an independent audit of all licensed duty-free shops and household plastic manufacturing companies found to have violated the Free Zone Act 1995 (ACT504). The audit has become necessary following the arrest of some four persons by the Ghana Revenue Authority (GRA) for diverting duty-free goods released forNovember 15, 2018
Ghana has made progress in the ease of doing business, according to the World Bank Group 2019 Doing Business Report- Training for Reform, released yesterday. Ghana improved its ranking to 114 out of 190 economies up six places from 120 in the 2018 Doing Business Report. Ghana’s ease of doing business score formerly called distanceNovember 2, 2018
Date: Aug 07 , 2018 , 09:48 BY: Doreen Andoh, Graphic Online At least 60 out of the 200 companies operating in free zone enclaves risk having their names delisted from the records of the Ghana Free Zones Authority (GFZA) because they have become inactive. The authority will go ahead to delist such companiesOctober 29, 2018