Abstract
In a bid to attract foreign investment, the Ghana Investment Promotion Centre Act, 1994, provided for the establishment of the Investment Promotion Centre to be responsible for the administration of investment activities in Ghana. This has been followed by the Free Zone Act, 1995. This establishes a Free Trade Board consisting ofthe Minister for Trade and Industry (as the chairperson) and eight other persons, four of whom must come from the private sector and two of whom must be women. The function of the Board is to oversee the establishment and operation of free zones. The Act provides for the establishment and development of free zones and free ports and the establishment of enterprises therein by corporations registered under the Companies Act, 1963, or a partnership registered under the Private Partnership Act, 1962. A free zone enterprise has the right to produce any type of goods and services for export except those that are environmentally hazardous.
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