Skip to main content

GFZA non-traditional export value hits US$1bn in Q1 2025

 


Non-traditional export values for companies under the Ghana Free Zones Authority (GFZA) has hit $1billion as at the first quarter of 2025.

This was disclosed by the Chief Executive Officer of the authority, Dr. Mary Awusi at the launch of its 30th anniversary in Accra.

In her address, Dr. Awusi highlighted the contribution of the authority to socio-economic development.

The export value for the first quarter of 2025 alone stands at US$1 billion. These enterprises have added to receipts from Ghana’s non-traditional exports from $145.4 million in 1997 to $2.25 billion at the end of 2024.”

She stated that the authority will lead the charge to ensure the completion of Export Processing Zones in the Ashanti, and Greater Accra regions. Dr. Awusi was optimistic that this will boost the country’s export values.

From three designated Export Processing Zones (EPZs), the authority now manages five with Tema EPZ fully developed and Sekondi EPZ partially developed. I hope to develop the other three at Shama, Ashanti, and Afienya EPZs”.

Capital Investments

Total capital investments made by companies under the Free Zones area reached $70 million in the first half of 2025.

This adds to the grand total of capital investments of $354 million recorded at the end of 2024.

The Ghana Free Zones Authority has about 306 active licensed enterprises operating under the authority.

The Authority is optimistic of increasing capital investments from the enlisting of new companies by the end of 2025.

Capital investment has expanded from $117 million in 1997 to $354.8 million in 2024, with $70 million already invested as at the second quarter of 2025,” she said.  

Comments

Popular posts from this blog

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

 NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...

Tender Committee recommends E&P for Damang Mine lease transfer

  A Tender Committee has recommended the grant of the mining lease for the Damang Gold Mine to Engineers and Planners Limited, following a competitive evaluation process conducted by the Minerals Commission. The recommendation comes after a tender process initiated under Regulation 258 of the Minerals and Mining (Licensing Regulations), 2012 (LI 2176), aimed at selecting a strategic investor to take over the mining lease and operations of the Damang mine. According to the report, four companies responded to the public tender announced in the media. Out of these, two firms were shortlisted by the Mineral Titles Department of the Minerals Commission and subsequently submitted to the Tender Committee for detailed assessment. After what was described as a comprehensive evaluation, Engineers and Planners Limited emerged as the highest evaluated bidder, leading to the Committee’s recommendation for the award of the lease. Gold Fields Ghana Limited, which has operated in the country since...