Home  |  Login  |  FAQ  |  Advertise  |  Services  |  Recommend  |  FeedBack  |  Contact Us  
Home
News

 Other Sections
ACN Ghana 2008
Sports
Finance
Business Directory
Online Forms
Real Estate
Classifieds
Auto
Jobs
Events
Downloads
World Cup 2010
Travel
About Ghana
Our Services
News Headlines
 More
Free Zones Board lauds hike in local investment
News Date: 3rd September 2013


The Ghana Free Zones Board, says it is encouraged by the increasing number of local investors seeking to take advantage of opportunities within the free zone enclaves.

Mr Kwadwo Twum Boafo, the Board's Executive Director, told journalists at the 82nd Izmir International Fair in Turkey, that the growing number of local investors in the zone speaks volumes of government efforts to attract both domestic and foreign direct investment.

Some of the companies, he said, are investing in green technology, environment management and plastic and solid waste management.

He said efforts are underway to establish industrial parks across the country to spread the establishment of companies.

This, Mr Boafo says will promote and attract businesses to such hubs to create employment.

In this direction, he said, the Free Zones Board is in discussion with Melcom Group, the largest retail company in Ghana, to establish a free zones enclave in Tamale to tap into the agricultural opportunities in the Northern Region.

Already the company, he said, has received a developer's license to begin the process of establishing the zone.

He said although the Melcom operation is purely private, it would in the long term strengthen government plans to create equal opportunities in all regions to encourage prospective investors to move investment into any part of the country.

The Ghana Free Zone Programme takes its mandate from the Free Zones Act aim to promote enterprise development and job creation and thereby contribute to economic growth and development.

The programme exists to promote the processing and manufacturing of goods through the establishment of Export Processing Zones and encourages the development of commercial and service activities at seaport and airport areas.

Companies within the Ghana Free Zones are to export at least 70 per cent of their products to foreign markets while the remaining 30 per cent could be sold in the domestic market.

From Christian Akorlie, GNA Special Correspondent, Izmir, Turkey

(Courtesy Ghana Export Promotion Authority)


Source: GNA


 More
 Search News
 
 Advanced Search

ADVERTISEMENT
  Latest News Headlines
Economy to rake in GHc 986m revenues
President Mahama promises more equipment for military
Labour unions storm the streets over Tier-2 pension
Forty per cent of Voters check names in Register
Stanbic launches fee-free overdraft for salary workers
Trade Minister commends GSA for ensuring good standards
Speaker orders probe into blackouts in Parliament
Commission cautions media to stop false publications
Minister calls for innovative teaching to improve education
Gov't Approves Takeover of GNGC - Finance Minister
 More latest news
 Popular News Items
Minister of Finance to present 2015 budget to Parliament
Ghanaian appointed member of UN Peace Panel
FAO official favours gender parity in production
Databank Brokerage Limited acts as Sponsoring Broker for inaugural listing on the Ghana Alternative
Government urged to make annual budget statement comprehensible
35.8 Million People are Enslaved Across the World
Merck Supports Free Diabetes Screening For More Than 19,000 Community Members in India and Africa
Micro businesses unhappy with Dansoman ECG over load shedding exercise
Achimota School scores 100% in WASCCE 2014
Medanta Africare hosts a medical camp for Airtel employees

Copyright BusinessGhana. All Rights Reserved.

Legal