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
French business delegation visit's Ghana
World Bank assists Guinea, Liberia and Sierra Leone
Pay your rates promptly for good progress
Researchers to share findings on gold mining
Ghana Heavy Equipment Limited Board Inaugurated
Watch NTV this Saturday 18th April 2015 at 10pm and get to know who the Winner of the Biggest Ever
Joint Operational Centres Activated Nationally to Coordinate Response to Unrest
Vodafone equips social workers at a two-day workshop
Tigo launches Samsung S6 and S6 Edge smartphones
GNFS wages war on Fake Fire Safety Certificates
 More latest news
 Popular News Items
Africa is the continent that will see the largest increase in electronic payments between now and 20
Mandela: Celebrating 25 years of his release
Patronise GRATIS machines - Spio
"Technical universities will not replace existing universities"
Financing Agreement Between AFD and The Ghana Association Of Microfinance Companies
Govt Renews Curfew on Bimbilla Township
Airtel Money hits over 1 million transactions in a month on its service
"VALCO will rise again"- President Mahama
Agriculture sector to enjoy massive government investment
Autism Is Treatable with Coconut Oil- Food Scientists Reveals

Copyright BusinessGhana. All Rights Reserved.

Legal