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A Comparative Analysis of Effective Free Trade Zone Policies in Ghana: A Model from Shanghai Free Trade Zone

DOI: 10.4236/ojbm.2018.64066, PP. 900-922

Keywords: Ghana Free Zones, Export Processing Zone, China (Shanghai) Pilot Free Trade Zone (“SHFTZ”), SHFTZ GDP

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Abstract:

The importance of export promotion contribution to the growth of a country’s economy cannot be underrated. It is well-established that, encouraging volumes of exports and/or value of exports results in the increase in the export of a country leading to an increase in earnings of foreign exchange and further results in economic boost of a country. A comparative analysis of effective Free Trade Zone Policies in Ghana using China (Shanghai) Pilot Free Trade Zone (“SHFTZ”) as a model has been done. Desktop research was used to analyze the data. It was found that there has been year on year increase in the number of companies registering with the Ghana free zones. On the average, there have been about 15% contribution to the gross export of Ghana. The China (Shanghai) Pilot Free Trade Zone (“SHFTZ”) contributed 5.68%, 13.2%, 15.2% and 22.9% from the first quarter after the inception of the FTZ, at the end of 2014, 2015 and 2016 respectively to the GDP of Shanghai.

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