
Audio By Carbonatix
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.
Latest Stories
-
Nurse laureate launches Cancer Care Africa Foundation to tackle late diagnosis, workforce gaps
40 minutes -
Ghana to lose GH¢18.15bn in revenue by 2027 from abolishing Covid levy, E-levy – CPS study
54 minutes -
Reintroduce scrapped taxes to close revenue gap – Tax expert
1 hour -
GRA applauds CPS study, urges continuous policy scrutiny
1 hour -
Wear blue or green hat to survive – IBAG president says insurance industry ‘captured by politics’
2 hours -
AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
2 hours -
Broker sector worse hit by state interference – IBAG president reveals
2 hours -
IBAG president alleges political interference driving kickbacks in insurance sector
2 hours -
Trump agrees to two-week ceasefire, Iran says safe passage through Hormuz possible
3 hours -
Dozens killed as Angola flood death toll rises
3 hours -
Russia confirms deaths of 16 Cameroonians fighting in Ukraine war, Yaounde says
3 hours -
Plan to scrap presidential elections puts Zimbabweans at loggerheads
3 hours -
Guinea-Bissau transporters strike over higher fuel prices
3 hours -
Iran ceasefire deal a partial win for Trump – but at a high cost
4 hours -
Oil slides below $100 after Trump announces two-week ceasefire
4 hours