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
Committee says assemblies mismanage funds
Tigo Insurance makes strides as it pays over GHC 3 million to claimants
College of Distance Education to institute Easter school next year
Challenging year for Lower Pra Rural Bank
Ministers to partner stakeholders for peaceful elections
Norwegian Gov't Supports WHO on Ebola outbreak preparedness in Ghana
Northern sector Robotics competition ends
Innovative newsgame supported wins an ONA Online Journalism Award
Ghana to Host 1st ECOWAS Mining & Petroleum Forum And Exhibition (ECOMOF 2015)
Fire Service personnel appeal for breathing gadgets
 More latest news
 Popular News Items
Airtel, Trace unveil Kenya's biggest mobile song contest, record deal with Akon for winner
Researcher claims plastic containers pose health risk, but FDA disagrees
Airtel Premier Club upholds its promises
Shippers' Council reaffirms commitment to facilitate trade
Producer price index increases by 1.1 percent
President Mahama seeks Japanese support for private sector
Andrew (13), Alexey (17) and Neha (18) nominated for the 10th International Children's Peace Prize..
Tigo Insurance makes strides as it pays it pays over GHC 3 million to claimants
AMA descends on chop bars in unhygienic places
High Blood Pressure: 10 Facts You Should Not Ignore

Copyright BusinessGhana. All Rights Reserved.

Legal