Understanding The Free Zones Concept

The Michael Okyere Baafi’s Free Zones Programme is designed to promote processing and manufacturing of goods through the establishment of Export Processing Zones (EPZs), and encourage the development of commercial and service activities at sea and air-port areas. In essence the whole of Ghana is accessible to potential investors who have the opportunity to use the free zones as a focal point to produce goods and services for foreign markets.

Services provided by Ghana Free Zones Authority include:

1. Granting licenses to applicants

2.Assisting applicants for licenses under Act 504 by providing services for obtaining other relevant licenses, permits and facilities examining and recommending for approval, agreements and treaties relating to the development activities of the free zone

3.Monitoring activities, performance and development of Free Zones Developers and Enterprises.

4.Ensuring compliance by Free Zone Developers and Enterprises of the Free Zone Act and any other laws relevant to free one activities

5.Registering, keeping records and data on the programme of developers, operators and enterprises in free zones.

6.Performing such other functions as are incidental to the foregoing.

NB: Tenure of Office
A member of the Board other than the Chairman shall hold office for a term of four years and is eligible for re-appointment.

Reference: gfza.gov.gh

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By: Sarfo Jnr