To demonstrate the continued commitment of the government to actively encourage investment into Ghana, find below the extensive and generous incentives, packaged in the Free Zone Act (1995) for investors interested in developing and operating free zone enclaves and
single-factory free zones in Ghana include:
100% exemption from payment of direct and indirect duties and levies on all imports for production and exports from free zones.
100% exemption from payment of income tax on profits for 10 years and shall not exceed 8 per cent thereafter.
Total exemption from payment of withholding taxes from dividends arising out of free zone investments;
Relief from double taxation for foreign investors and employees;
No import licensing requirements
Minimal customs formalities
100% ownership of shares by any investor – foreign or national in a free zone
enterprise is allowed. There are no conditions or restrictions on: repatriation of
dividends or net profit; payments for foreign loan servicing; payments of fees and charges for technology transfer agreements; and remittance of proceeds from sale of
any interest in a free zone investment;
Free Zone investors are permitted to operate foreign currency accounts with banks in Ghana;
At least 70% of annual production of goods and services of Free Zone Enterprises must be exported; consequently up to 30% of annual production of goods and services of a free zone enterprise are authorized for sale in the local market. Free Zone investments are guaranteed against nationalization and expropriation.