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

 Other Sections
ACN Ghana 2008
Business Directory
Online Forms
Real Estate
World Cup 2010
About Ghana
Our Services
News Headlines
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

 Search News
 Advanced Search

  Latest News Headlines
Parliament is not for children-Bagbin
GNFS Organizes Wetting Ceremony for Newly Promoted Officers
Political parties laud Ghana's proposed long-term development plan
Social protection is not handouts package - Gender Ministry
Springfield Energy sues New Statesman, others for GHC 30m
Weija Irrigation Scheme benefits from FAO grant
Airtel Ghana is best organization in learning and development practices
CSOs urged to focus on the deprived
Future Fest-Electronic Music Festival
Ghanaian SMEs trained to enter international market
 More latest news
 Popular News Items
President John Dramani Mahama invites international investors
Chartered Institute of Marketing to host Paa Kwesi Nduom
Involve the people in local governance decision-making - Assemblies told
Government increase base pay by 10%
Tourism industry in Ghana needs public private partnership - Mr Landry
"President Mahama's visit is good for us" - Ambassador
Africa Faces the Challenge of Sustaining Growth - WB
Ghana launches 2015 International Year of Soils
Implement Audit Report on Assemblies - AIA
Vodafone Icons Airs on TV this weekend

Copyright BusinessGhana. All Rights Reserved.