The Ghana Free Zones Act, 1995 (Act 504) is the legal framework that establishes the right to set up a business under the free zones programme of the Republic of Ghana. Under the programme, companies that export 70% or more of their annual production are exempted from the payment of almost all taxes and may import their inputs duty free. 

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 income tax on profits for 10 years and not exceeding 8 per cent thereafter;

Total exemption from the payment of withholding taxes from dividends arising out of free zone investments;

Relief from double taxation for foreign investors and employees;

Minimal customs formalities;

100% ownership of shares by any investor - foreign or national - in a free zone enterprise 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 investments are guaranteed against nationalization and expropriation

For additional information contact:

The Executive Secretary

Ghana Free Zones Board

P. O. Box M626

Accra, Ghana

Tel : +233 (21) 780534/ 780533/ 780535/ 785049/ 785037

Fax : +233 21 780532 / 780537