The government is in the process to secure some 1,000 acres of land for another Free Zones enclave aimed at turning Ghana into a production hub in Africa.
Appearing on The Asaase Breakfast Show on Wednesday (17 August), the CEO of the Ghana Free Zones Authority, Mike Oquaye Jnr said their major challenge has been securing land for government’s industrialisation drive.
“If we are the secretariat for AfCFTA – that is technical, administrative paper work – but to be actually the marketing, trading capital of the world, it is something we need to achieve through creating channels that we will use to have access into other African countries.
“Nevertheless, the land in Tema is finished, in Accra once the land is finished you need to look for a new one, we are in the process at the moment to get some1,000 acres to be able to expand industrialisation in Ghana.
“That is the only way forward, and I believe that is the only thing that has prospered India,” Oquaye Jnr said.
Value addition
The Ghana Free Zones boss further advised Ghanaians to take a critical look at value addition to raw materials.
“Why do we give incentives [to foreign businesses]? Because we want to remain competitive … Investors want to go to places where the environment is conducive for their development.
“We must, as a country, look at value additions to our products seriously… If we get it right then the revenue that we can rake in will be huge,” he added.
Listen to Mike Oquaye Jnr in the attached audio below:
Fred Dzakpata
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