Michael Okyere Baafi’s Free Zones Authority Establishes An Oil And Gas Unit

Ghana Free Zones Authority is managed by a seasoned chartered marketer: Mr. Michael Okyere Baafi and under his able tutelage the GFZA has chalked so many successes which hiked up Ghana’s economy with exports over $ 1 billion last year.

The sector being a new entrant has a lot of opportunities for companies in oil and gas.

The Ghana Free Zones Authority has two enclaves dedicated to the oil and gas sector.

There are opportunities for investors interested in enclave development to construct the industrial infrastructure to support the new sector.

The following are priority sectors where Free Zones companies can invest aside the Oil and Gas sector;

1.Agro Food Processing (Fruits, vegetables and coca)

2.Information & Communication Technology (Data processing and transcription, call centers, software development and computer assembling).

3.Textile/Apparel manufacturing (including accessories for garment industry and footwear)

4.Sea Food Processing

5.Jewelry/Handicraft Production

6.Light Industry/Assembling Plant

7.Metal Fabrication

8.Floriculture

NB: At least 70% of annual production of goods and services of Free Zone Enterprises must be exported, consequently up to 30% of annual production of goods and services of a free zone enterprise are authorized for sale in the local market.

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Reference:www.gfzb.com.gh

By: Sarfo Jnr