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
Airtel Money offers KRA mobile tax payment services
Merck has shown consistent approach to their corporate social responsibility agenda in Africa...
Emirates Airlines offers special fares for customers
Restoring Kpeshie Lagoon-La Beach:Clean Up on Saturday October 25, 2014
Veep assures manufactures of government support
Cholera prevention project to be completed soon
Lufthansa treats agents to the 'Lufthansa experience'
Tanzania to host The Economist Events' Health Care in Africa 2014
Mission Advocates Community Mobilization To Fight Ebola
Odododiodoo NDC elects new Chairman
 More latest news
 Popular News Items
Airtel Money to launch cross border money transfer service across East Africa
Prez declares support for local industries
Reducing Digital Divide: Asia-Pacific Information Superhighway
Traffic offenses account for road crashes
Gov't secures funding for rehabilitation of Eastern Corridor Road
Deputy Minister Of Communications Visits Vodafone Ghana
Airtel Ghana Wins Brand Activation Program Of The Year
Ghana & UK agree to improve conditions in prisons
Religious bodies urged to do more to eradicate corruption
Dannex Donates To Ghana Health Service

Copyright BusinessGhana. All Rights Reserved.

Legal