Home / Knowledge / News / Free Zones on road to success
Free Zones on road to success
Jan '08
The Ghana Board recently organized a forum for potential investors to inform them about the developments, advantages and incentives available in country's Free Zones.

The GFZB informed the investors that all companies put together in the Free Zones had generated an income of US $2.5 billion in the last 11 years. Last year the 150 industries clocked a turnover of over US $509.5 million.

The purpose of the forum, which was also attended by the Omanhene of New Juaben Traditional Area, Daasebre Prof. Emeritus Oti Boateng, was to inform the investors of the incentives available in the Free Zones. The GFZB had also invited the companies working in the Free Zones to understand the problems faced by them.

The 9 companies registered in the Free Zones in the Eastern Region were Maa Grace Garments, Crystal Lake Fish, A.K Wood. Intravenous Infusion, Blue Skies, Golden Exotics, Pinora, Coppon Wood and Birim Wood.

The Deputy Executive Secretary of GFZB in charge of Marketing and Promotion, Ms Rachel Esi Amable said, "It was important that local companies take advantage of the fertile ground created by the government under the Free Zones to operate companies that were export-oriented."

She noted since the Free Zones came into being under Act 504, many foreigners had taken advantage to establish companies under it, and were making great headway.

She said the Government conceived the idea, which was 100 percent private-sector driven, to help create employment and also boost the image of Ghana abroad in terms of goods being exported to other countries.

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search