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The Ghana Free Zones Programme.

The Ghana Free Zones Programme is one of he Government of Ghana's interventions to pur investment and production in the country. It is administered by the Ghana Free Zones Board (GFZB) which was established by Act of Parliament in 1995. The Act mandates the board to establish and regulate free zones in the country to promote investment.

Under the Free Zones Programme, industries stationed on designated areas are exempt from taxes for a period of ten years while at the same time taking advantage of Ghana's privileged access to the markets of the United States of America under the African Growth and Opportunity Act (AGOA) and those of the European Union under the Economic Partnership Agreement (EPA) that the Government has initialed.

The designated parks are fitted with the necessary infrastructural conditions to facilitate business and investment. These include dedicated power grids to ensure uninterrupted power supply, water reservoirs for constant supplies of water, central sewerage systems, telecommunication services and securitized enclosures.

The Ghana Free Zones Programmes welcomes investments in Information and Communication Technology (ICT); Textile/Apparel Manufacturing; Agro-food Processing; Seafood Processing; Jewellery/Handicraft Production; Metal/Hand Tool Fabrication; Floriculture; Light Industry/Assembling Plant; Ceramic Tiles Manufacturing; and Pharmaceuticals. These choices were informed by the availability of manpower and natural resources, the advantages conferred by privileged access to lucrative markets on certain products and an objective assessment of the country's competitive advantage in those industries.

Ghana Free Zones Board

P.O. Box M626, Accra

Tel: 0302 780535, 0302 785037, 024 2174534

Fax: 0302 780536, 0302 780537

Website: www.gfzb.com.gh

Email: info@gfzb.gov

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Publication:African Business
Article Type:Brief article
Geographic Code:6GHAN
Date:Jan 1, 2013
Words:265
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