Free Zone Act, 1995 (Act 504)
Section 33(1)
A free zone enterprise is permitted to operate a foreign currency account with banks in the
Republic.
(2) The terms and conditions under which the accounts shall be operated shall be set out in the licence
granted under section 16.
(3) The Bank of Ghana shall be consulted by the Council on the terms and conditions referred to in
subsection (2).
Procedure to Follow
1. Incorporate a company in Ghana with the Registrar- General's Department and obtain Certificates of Incorporation and company's constitution and these must be submitted together with the following documents;
Duly completed GFZA Application Form Purchased at ($200 Dollars or its Cedi Equivalent)
Business Plan/Feasibility Study
Evidence of lease or Rental of Land / Factory Premises
Evidence of Export (Memorandum of Understanding/ Letter of Intent with prospective clients)
Environmental Protection Agency Permit (where applicable)
Evidence of Funding/Capital Transfer
Any other document/ Information the Authority may require
2. The GFZA shall notify the applicant of the status of his/her application for License within 28 working days of receipt of a complete application.
3. A license specifying Authorized activity to be undertaken (i.e. Developer, Manufacturer, Commercial or Service Industry) by the applicant shall be issued to the successful applicant.
4. The investor is required to start operations within 6 months of receiving approval to operate as a Free Zone Enterprise/Developer
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Responsible Institution
5th Link Rd, East Cantonments[Near US Embassy] Accra,
- Email: info@gfza.gov.gh
- Website: https://gfza.gov.gh/
- GPS:
- Telephone: +233 302 780535| 785037|428620|428590 +233 24 217
Relevant Forms to Download
Not Available
Online System
Fees/ charges
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