Ghana Free Zones
A Free Trade Zone was
established in May 1996. The free zone consists of a parcel of land
near Tema Steelworks, Ltd. In the Greater Accra Region and two other
sites located at Mpintsin and Ashiem, near Takoradi. The seaports of
Tema and Takoradi, as well as the Kotoka International Airport, and
all the lands related to these areas are a part of the free zone.
The law also permits the establishment of single factory zones
outside or within the areas mentioned above. Under the law, a
company qualifies to be a free zone company if it exports more than
70 percent of its products. Among the incentives for free zone
companies are a ten-year corporate tax holiday and zero duty on its
To make it easy for a potential free zone
developer to acquire the various licenses and permits to operate,
the Ghana Free Zones Board provides a "one-stop approval service" to
assist in the completion of all formalities. A lack of resources has
limited the effectiveness of the Board, however. To further
facilitate operations in the zones, nationals of OECD countries,
Canada, East Asian countries and the Republic of South Africa can,
in principle and with sufficient advance notice, obtain entry visas
at the airport, although this process does not always work smoothly.
All foreign employees of businesses established under the program
will require work and residence permits.
Contact address for the Secretariat is as
Ghana Free Zones Board
Ministry of Trade & Industry Annex
P.O. Box M.47
Contact: Mr. Kojo Ntim Atuahene – Executive
Most large Ghanaian banks as well as a number of
private sector companies and individuals own bonded warehouses.