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
Make films to protect children from smoking - WHO
'Lavender Hill' to go by end of 2016 - Collins Dauda
KMA to begin biometric registration of traders
New US Ambassador presents Letter of Credence
Epilepsy cases on the rise in Brong-Ahafo
NDC won't be distracted by tribal, ethnic politics'
Abokobi Community appeals to IGP over land dispute
Don't confuse Savings and Loans companies with Microfinance institutions
Government on track with IMF programme - Zhu
Tony Elumelu Applauds US Congress for the passage of the 'Electrify Africa Act'
 More latest news
 Popular News Items
FAGRO Secretariat unveils action plan for 2016
All-New Ford Figo Delivers Advanced Technologies, Smart Design, Superb Comfort
Airtel to offer love rewards to customers
MP pledges support to Municipal Health Department
IMF regional conference on data ends
Akatsi-North District begins schools feeding programme
Bacterial Meningitis: What you need to know
Engage with the media, Journalist urges AU
Qatar Development Bank (QDB) signs MoU with Islamic Corporation for the Development of the Private..
GOtv Premieres 2 Telenovelas In February

Copyright BusinessGhana. All Rights Reserved.

Legal