THE GHANA Free Zones Authority (GFZA) recently hosted a high-level delegation from DP World, a leading global logistics company, to discuss potential investment opportunities in Ghana.
The delegation, led by the United Arab Emirates Ambassador to Ghana, H.E. Dr. Abdulla Al Mandoos, included DP World’s Group Chairman and CEO, Mr. Sultan Ahmed Bin Sulayem, along with other senior executives.
Discussions centered on DP World’s interest in developing the Afienya Export Processing Zone into a state-of-the-art technology and logistics hub.
The Afienya zone, strategically located near the 1,200-acre Tema Export Processing Zone, is poised to become a significant industrial area, complementing Ghana’s efforts to enhance its export-led industrialization strategy.
The CEO of GFZA, Dr. Mary Awusi emphasized Ghana’s favorable investment climate, highlighting political stability, a growing economy, and attractive incentives under the Free Zones Scheme.
These incentives include 100% exemption from direct and indirect duties on imports for production and exports, income tax exemptions for the first ten years, and relief from double taxation for foreign investors.
The GFZA assured the delegation of its commitment to providing comprehensive support to investors, from entry to implementation. Both parties acknowledged the strong potential for collaboration and expressed optimism about advancing discussions toward a mutually beneficial partnership.
This engagement aligns with Ghana’s broader strategy to attract foreign direct investment and develop Special Economic Zones (SEZs) as critical drivers of economic growth.
This SEZs across Ghana, including the Afienya zone, encompass over 7,000 acres of land and are designed to facilitate various industrial activities and technological innovations, driving economic diversification.
Dr. Mary Awusi indicated that the potential partnership with DP World is expected to bolster Ghana’s position as a gateway to West Africa, and to enhance its logistics capabilities and contributing to sustainable economic development.
Source: Nationaltymes.com
