Investors to gain more under Free Zones Authority

The Chief Executive Officer of Ghana Free Zones Authority (GFZA), Michael Oquaye Jr., has said investors stand to enjoy some benefits by choosing to invest in Ghana’s Special Economic Zones.

According to him, the benefits include both fiscal and non-fiscal incentives, given as part of the licensing regime to enable exporters take advantage of the African Continental Free Trade Area (AfCFTA) and other global markets.

Addressing potential investors during the Ghana Business Forum at the Dubai Expo 2020, Ambassador Oquaye underscored the need for Ghanaians to invest in Ghana and take advantage of Free Zones.

He also led a team from the Authority to continue with its 2022 objective of deepening Ghanaian nationals’ participation in the Free Zones and Special Economic Zones Regime in Ghana.

Closed door meeting

As part of activities, Amb. Oquaye and the team paid a courtesy call on Ghana’s Ambassador to the Kingdom of United Arab Emirates, Alhaji Ahmed Ramadan. At a closed-door meeting, he led the Ghana team to an informal interaction with a cross-section of Ghanaian businessmen and women at Al Zafarana Park Mushrif, Abu Dhabi.

He said engagement followed an initial one with members of the East Legon Executive Business Club in Accra, saying “this was the second in the series of planned events to dial-up local interest with the hope of mobilising capital injection within critical sectors of the economy.”

He indicated that the partnership between the two countries establishes opportunities for their business communities. He said a Memorandum of Understanding (MOUs) signed between the two countries at the event would initiate the legal framework that will underpin the need to enhance the relationship.