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Els MBN360 News
The Ghana Free Zones Authority (GFZA) has entered into a strategic partnership with the Malaysia Investment Development Authority (MIDA) to strengthen its investment promotion capabilities and facilitate a transition toward Special Economic Zones (SEZs).
This follows the visit by a high-powered Malaysian delegation, led by the High Commissioner of Malaysia to Ghana, H.E. Syed Nauzer Idid to the GFZA in Accra. The engagement served as a critical follow-up to earlier multi-stakeholder discussions involving the Japan International Cooperation Agency (JICA) and the Ministry of Trade, Agribusiness and Industry (MoTAI).
“The visit aimed to discuss challenges faced by GFZA in its investment promotion activities, which will inform MIDA and JICA in the development of targeted training modules to enhance the capacity of GFZA staff.
“Both parties reaffirmed their commitment to strengthening cooperation and agreed to sustain engagement towards achieving concrete outcomes”Ghana Free Zones Authority
According to the GFZA, this collaboration is primarily focused on addressing the operational challenges faced in attracting and maintaining high-value investments. By leveraging Malaysia’s globally recognized expertise in industrial zone management, MIDA and JICA intend to develop specialized training modules for GFZA staff.
These modules will focus on modern investment facilitation techniques, data collection, and the development of industrial enclaves that meet international standards.
A central theme of the discussions was the strategic evolution of Ghana’s industrial landscape from traditional Free Zones to the Special Economic Zone (SEZ) model. This transition is seen as a vital step in broadening the scope of economic activity and providing more flexible regulatory frameworks for investors.
The Deputy Chief Executive Officer for Operations at GFZA, Mr. Lateef Apau Wiredu, who received the delegation on behalf of the Chief Executive Officer, Dr. Mary Awusi, highlighted that the Authority is committed to fostering partnerships that promote sustainable, export-oriented industrial development.
The delegation also included representatives from Techaira, a prominent IT software firm currently exploring the possibility of registering as a Free Zones Enterprise. This potential investment signals a growing interest in Ghana’s digital economy and the tech-driven industrialization goals outlined in the government’s 2026-2029 Sector Medium-Term Development Plan.
Enhancing Aftercare and Investor Compliance
To ensure the long-term success of investors, the GFZA is placing a renewed emphasis on “aftercare” services. Dr. Patience Agbleze Acorlor, the Director of Corporate Affairs, Public Relations, and Aftercare, delivered a comprehensive presentation on the Authority’s current operations.
She detailed the competitive advantages Ghana offers, including tax incentives and streamlined entry requirements. The proposed training from MIDA is expected to specifically enhance the GFZA’s ability to support existing investors after they have established their operations, ensuring higher retention rates and reinvestment.
“The meeting also involved technical heads from the GFZA, including Mr. Michael Larbi (Head of Compliance) and Mr. Benjamin Obeng (Head of Estates, Zones, and Applications), who discussed the logistical requirements for maintaining high standards within the zones”Ghana Free Zones Authority
The presence of Ms. Umme Aime Siddiqi from JICA underscored the trilateral nature of this support framework. The involvement of both Malaysian and Japanese agencies suggests a coordinated international effort to transform Ghana into a major manufacturing and export hub in West Africa.
By synchronizing the expertise of MIDA with the developmental support of JICA, the GFZA is positioning itself to handle more complex industrial projects, particularly in the automotive, pharmaceutical, and technology sectors.
The High Commissioner, H.E. Syed Nauzer Idid, expressed confidence in Ghana’s business environment and the GFZA’s proactive stance toward capacity improvement. As the Authority moves toward implementing the new training modules, the focus will remain on transparency, data-driven decision-making, and the efficient management of economic enclaves.
