U.K ANGOLA GHANA
NEWS
May 29, 2019
Free Zones to build multipurpose Oil and Gas Industrial Parks
Michael Okyere Baafi, Chief Executive Officer of the Ghana Free Zones Authority (GFZA), on Tuesday said the Authority intends to build a state-of-the-art Export Processing Zones (EPZ) and Multipurpose Industrial Parks in Shama and Takoradi.

The two facilities are expected to support light and heavy industrial Oil and Gas specific businesses. Currently, two Industry-Dedicated-Sites have been allocated for these projects, Mr Okyere Baafi told the Ghana News Agency in an interview.

The interview, which focused on how the Free Zones Authority intended to attract oil and gas downstream businesses and the motive for setting up GFZA Oil and Gas Unit.

He explained that the authority had already acquired sites at Shama and Sekondi close to the Takoradi port. The rational for such projects is to house the anchor clients targeted for the industry.

Mr Okyere Baafi said Shama was a strategic location for the establishment of a distribution hub to service Oil and Gas projects in Ghana (Onshore and Offshore) and throughout sub-Saharan Africa.

He said the intention of the Authority is to make it a high-speed Oil and Gas Service Centre, which was targeted at helping both foreign and local companies to implement its projects and reduce cost for their cargo handling, equipment, shipping and paperwork processing in a safe and efficient manner.

He disclosed that an American company (Black Ivy Group) has acquired 400 acres for the development of an industrial park, “GFZA is looking for other investors interested in developing the enclave”.

On the Sekondi Export Processing Zones’ project, he said it was to position Ghana as a leading hub for downstream Oil and Gas manufacturing and industrial activities in the sub-region.

The Sekondi project was designated to evolve into a key Petrochemical, fertilizer, refinery and hydrocarbon processing hubs in Africa. These intended projects will facilitate the development of a world class export-oriented Oil and Gas processing centre in Ghana.
Source: GhanaBusinessNews

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