Home / Free Zones companies to get more support – Executive Secretary reveals

Free Zones companies to get more support – Executive Secretary reveals

The Ghana Free Zones Board (GFZB) is set to promote investment opportunities available under Ghana’s Free Zones Programme to local investors.

Executive Secretary of GFZB, Michael Okyere Baafi on Asempa FM’s Eksoii Sen Friday disclosed that, they are working towards facilitating the operations of export-oriented companies.

The move, he noted is part of strategies to engender interest among Ghanaians with funds to invest in export-oriented businesses.

 

Mr Baafi said as much as GFZB appreciated the many Foreign Direct Investments (FDIs) into Ghana, there is also the need to involve Ghanaians, many of whom, he said, had the capacity and the resources to venture into export-oriented business activities.

“We would engage Ghanaian businessmen and women by aggressively marketing the investment opportunities available under the Free Zones Programme locally,” he said.

 

The GFZB, Mr Baafi noted is looking forward to expanding business operations under the Ghana Free Zone Programme as well as an increase in the number of employees at the Tema Export Processing Zone and all the single factory zones.

He said their focus is to make sure that, local investors are free to work without any external interference.

 

The Free Zones Programme was established by an Act of Parliament—the Free Zone Act, 1995 (Act 504)— and the GFZB was charged with the responsibility of promoting economic development through the attraction of local and foreign direct investment; promotion of export diversification; increasing foreign exchange earnings; provision of business opportunities for local and foreign investors to undertake joint ventures; enhancing the technical and management skills of Ghanaians; and promoting technology transfer.

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