There is established by this act a board to be known as the free zones. Enacted by the president and the national assembly. Gfzb stands for ghana free zones board established under the free zone act, 1995. Free zones business entities eligible to operate as free zone developers or free zone enterprises are companies registered under the companies code, 1963 act 179 or a partnership registered under the incorporated private partnership act, 1962 act 15. Search of place entered by person sought to be arrested. Michael kofi baafi as he educates and informs ghanaians about the role of free zones in achieving the industrialisation agenda of npp. Are there any daylight saving time changes in 2020. The free zones programme in ghana offers you a conducive business environment to produce at minimum cost for export. Administrative arrangements requests for mutual legal assistance 5. Fundamental principles of national land policy part iii classification and tenure of land 4. A comparative analysis of effective free trade zone. A free zone company can be located either in any of the export processing zones epz or anywhere in the country upon the approval of the gfza. Oct 06, 2011 the ghana free zones board represents the principal catalyst for the exportoriented industrial development in ghana.
It was enacted by an act of parliament, the free zone act 1995 act 504. Free zones living the west african gateway dream herald. Factories, offices and shops act 1970 act 328 section 1register of factories the chief inspector shall keep a register of factories in which he shall cause to be entered such particulars in relation to every factory required to be registered under this act as he may consider necessary or desirable. Find the latest breaking news and information on the top stories in ghana, africa, business, entertainment, politics, and more. In 2005, the ghana free zones board and world bank took a new approach to the tema zone based on development of a clusterbased approach to the zone aggregating firms in the same industry, along with infrastructure, suppliers and other support services and on providing a minimum level of infrastructure and services for the export sector. The ghana free zones board takes its mandate from the free zones act 1995, act 504 of the parliament of ghana. Aug 29, 2017 the ghana free zones board gfzb on monday opened its maiden edition of investment week celebration to create the platform for local businesses to take advantage of its exportoriented programmes. Free zones board, referred to in this act as the board. It started in september 1996 and the board works under the regulation l.
Free zone enterprises shall comply with the factories, offices and shops act 1970 act 238 on health and safety requirements. Free zone companies in ghana including accra, and more. Dec 29, 2014 the ghana free zones board takes its mandate from the free zones act 1995, act 504 of the parliament of ghana. In exercise of the powers conferred on the minister responsible for trade and industry by sections 262 and 41 of the free zone act 1995 act 504, and after consultation with the minister responsible for customs and exercise and the commissioner of customs, excise and preventive service in accordance with section 262 of act 504, these regulations are made this 22nd day of february, 1996.
Ghana and also to provide for the regulation of activities in the free zones and its related purposes. Local governance act, 2016 act 936 arrangement of sections section part one local government districts and district assemblies 1. It is to provide a machinery for the registration of title to land and interests in land. Demarcation of areas of authority of subdistrict structures 3. Administration of lands act, 1962 act 123 2 in the event of a failure to declare an interest in the land within the period prescribed by subsection 1, or of a question arising as to the existence or extent of the interest of the stool in a land, the minister may determine the existence or. Act 504 free zone act, 19951 an act to enable the establishment of free zones for the promotion of economic development, to provide for the regulation of activities in free zones and for re lated matters. Acts of ghana first republic criminal procedure code, 1960 act 30 arrangement of sections section part igeneral provisions procedure 1. An act to enable the establishment of free zones in ghana for the promotion of economic development. Local government act 1993 act 462 c the member or members of parliament from the constituencies that fall within the area of authority of the district assembly, except that that member or those members shall not have a voting right, and d any other personsnot exceeding thirty percent of the total membership of the.
Amendment to the free zones act, 1995 act 504 the parliament of the republic of ghana has passed an amendment to the free zones act, 1995 act 504 by issuing a legislative instrument l. It was first administered in november 1959 by everett franklin lindquist as a competitor to the college boards scholastic aptitude test, now the sat reasoning test. In essence, the whole country is accessible to potential investors who have the opportunity to use the free zones as focal points to produce goods and services for foreign markets. Its object is to ensure effective administration, supervision, regulation, monitoring and control of the business of insurance, to protect insurance. Implementation of the program began in september 1996 with the establishment of the ghana free zones board secretariat 27. Power to break out of any house for purpose of liberation. An act to enable the establishment of free zones in ghana for the promotion of. The ghana free zones authority gfza, is a ghanaian governmentcontrolled institution formed on 31 august 1995 to facilitate the setting up of free zones in ghana to improve the economic development and to regulate its related activities. Filling of vacancies 1 when a member of the board is incapacitated by illness or any other cause from performing the functions of office for more than twelve months, the president may acting in consultation with the appropriate institution appoint another person to perform the. The policy of publication of staff reports and other documents by the imf allows for the deletion of marketsensitive information. The gambia free zones act 2001 national assembly a bill entitled an act to provide for the creation of free zones, investment incentives for investors who invest in the zones and for matters connected therewith. The act received presidential assent in august 1995.
The main idea of establishing the free zones is to develop ghana into a hub for manufacturing and processing through value addition for export. The act originally abbreviation of american college testing is a standardized test for high school achievement and college admissions in the united states produced by act, inc. All the emerging countries are included in that list. If you are looking beyond the horizon for where to locate your business, then you are at the right place ghana free zones board gfzb. Act 663, company, ghana, goods, public procurement act 2003. The free zones is the primary agent for industrial development in ghana. Gabriele ferrazzi for the local governance and poverty reduction support programme.
There is establishment by this act a board to be known as the free zones board, referred to in this act as the board. The ghana free zones board represents the principal catalyst for the exportoriented industrial development in ghana. Michael okyere baafi as the executive secretary of the ghana free zones authority. The ghana free zone board gfzb was established by the free zone act, 1995 act 504 as amended by the free zone. Michael kofi baafi as he educates and informs ghanaians about the role of freezones in achieving the industrialisation agenda of npp. The land act 1999 arrangement of sections section title part i preliminary i. The ghana free zones board gfzb on monday opened its maiden edition of investment week celebration to create the platform for local businesses to. Ghana local government act 1993 a comparative analysis in the. The ghana free zones board gfzb was established on 31 st august, 1995 by an act of parliament. The president, nana addo dankwa akufoaddo has appointed mr.
New free zones act expected to be ready by third quarter. Gipc act under the ghana investment promotion centre act, 20 act 865, any enterprise in which there is foreign participation is required to register with the ghana investment promotion centre gipc. Gfzb is defined as ghana free zones board established under the free zone act, 1995 somewhat frequently. Its important and expected role requires the board to. Gfzb ghana free zones board established under the free.
How is ghana free zones board established under the free zone act, 1995 abbreviated. Seventeen years later, the parliament of ghana passed the free zone act. Laws of ghana act 807 mutual legal assistance act, 2010 arrangement of sections application 1. The uganda free zones authority is a body corporate under the supervision of the ministry of finance, planning and economic development. The free zones act 1995, act 504, was passed on 31st. Ghana free zones authority licenses 16 new companies. Act of the parliament of the republic of ghana entitled juvenile justice act, 2003 an act to provide a juvenile justice system, to protect the rights of juveniles, ensure an appropriate and individuals response to juvenile offenders, provide for young offenders and for connected purposes. Modern ghana breaking news, ghana, africa, entertainment. The nic was established by the insurance act, 2006 act 724, which replaced insurance law, 1989 p. The ghana free zones board, which is the government agency responsible for the implementation of the programme, is achieving positive results. Copies of this report are available to the public from international monetary fund publication services 700 19th street, n.