Skip to main content

Ghana Investment and Trade Week Opens with Strong Push for Export Investment, 24-Hour Economy

 Ghana Investment and Trade Week, 24-Hour Economy, Free Zones

The Chief Executive Officer of the Ghana Free Zones Authority (GFZA), Dr. Mary Awusi, has reaffirmed Ghana's commitment to attracting export-oriented investments, describing the country's 24-hour economy agenda as a catalyst for industrialisation, trade expansion and sustainable economic growth.

Speaking on behalf of the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, at the opening of the seventh Ghana Trade and Investment Week in Accra, Dr. Awusi said the government's vision is to build a competitive and resilient economy anchored on infrastructure, reliable energy, efficient logistics and a vibrant private sector.

The three-day event, organised by MIE Group in partnership with Dubai Multi Commodities Centre (DMCC) and GBS Services, has brought together policymakers, investors, development partners and business leaders to explore investment opportunities across key sectors of Ghana's economy.

Dr. Awusi said the theme, "24-Hour Economy: Integrating Infrastructure, Energy, Mobility and Sustainable Real Estate for Investment and Trade Competitiveness," aligns closely with the strategic direction of the Ghana Free Zones Authority.

The theme is both timely and forward-looking. It reflects Ghana's aspiration to build an economy that is productive, competitive and resilient—one that is supported by modern infrastructure, reliable energy, efficient logistics and a dynamic private sector," she said.

She noted that the Free Zones Authority remains committed to creating an enabling environment that attracts export-oriented investments, promotes value addition, supports industrialisation and creates sustainable employment.

Ghana Investment and Trade Week, 24-Hour Economy, Free Zones

According to her, Ghana continues to position itself as a preferred manufacturing and export hub in Africa through an attractive incentive regime and improved investor facilitation.

Dr. Awusi highlighted several incentives available to Free Zones enterprises, including a 10-year corporate tax holiday, reduced tax rates thereafter, exemptions from import duties and levies on production inputs, unrestricted repatriation of profits and protection against double taxation.

Our mandate is to attract strategic local and foreign investment, promote industrialisation, increase exports and create sustainable employment opportunities. We continue to provide end-to-end investor facilitation and aftercare services to support businesses throughout their investment journey," she stated.

She added that investors in Ghana also benefit from preferential access to major international markets through trade agreements such as the African Continental Free Trade Area (AfCFTA), the African Growth and Opportunity Act (AGOA), the Ghana-UK Trade Partnership Agreement and the Economic Partnership Agreement with the European Union.

Dr. Awusi urged participants to use the forum to establish partnerships and explore Ghana's growing investment opportunities.

Together, we can build a stronger Ghana, strengthen our industries, expand exports and create quality jobs for our mutual benefit," she said.

Chairman of the event, Ga Mantse Nii Tackie Teiko Tsuru II, underscored the critical role of traditional authorities in the successful implementation of the government's 24-hour economy policy.

He said the policy presents a transformative opportunity to increase productivity, stimulate industrial growth and create employment, but stressed that its success depends on stability, inclusiveness and collaboration.

Ghana's 24-hour economy policy presents a transformative opportunity for increased productivity, industrial growth and, most importantly, job creation. However, for this vision to succeed, it must be anchored on stability, inclusiveness and trust," he said.

Ghana Investment and Trade Week, 24-Hour Economy, Free ZonesT

he Ga Mantse noted that traditional leaders remain key partners in facilitating access to land for infrastructure and real estate development, maintaining peace and security, and promoting skills development and youth employment within their communities.

The government, the private sector, development partners and traditional authorities must work together. The realisation of Ghana's economic transformation agenda depends on this collaboration," he added.

The seventh Ghana Trade and Investment Week is expected to deepen trade partnerships, attract new investments and advance discussions on Ghana's industrial transformation and competitiveness under the 24-hour economy agenda.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...