Lateef Apau Wiredu is the Deputy CEO of Ghana Free Zones Authority
Correspondence from Eastern Region
The Deputy Chief Executive Officer of the Ghana Free Zones Authority, Lateef Apau Wiredu, has underscored the importance of positioning the private sector at the core of Ghana’s economic development agenda.
Speaking on the sidelines of the Kwahu Business Forum launch—an initiative by the government to leverage the Easter festivities in Kwahu to stimulate economic activity—Mr. Wiredu emphasized that while the celebrations are known for merry-making, the region is also home to many prominent business figures.
“The forum recognises the entrepreneurial spirit of the Kwahu people. Their contributions to employment and economic development cannot be overlooked,” he stated.
He explained that the Kwahu Business Forum is not exclusive to the region but rather serves as a national platform to promote private sector-led growth. Initiatives such as the 24-hour economy and the One Million Cadres programme are examples of government policies aimed at empowering businesses.
According to Wiredu, the forum addressed key challenges facing businesses, particularly in the areas of finance and management. It also created a platform for entrepreneurs to voice their concerns and propose solutions.
Highlighting the role of the Free Zones Authority, he noted that the organization’s core mandate is to attract both local and foreign investment through attractive incentives for export-driven businesses. Companies operating under the Free Zones scheme are required to export at least 70% of their production, with the remaining 30% allowed for local consumption.
He added that businesses under the scheme enjoy duty-free import and export of raw materials and products, as well as a 10-year corporate tax exemption, enabling them to operate at a lower cost compared to non-Free Zone enterprises.
Commenting on U.S. President Donald Trump’s proposed 10% tariff on exports to the United States, Mr. Wiredu warned that such a move could significantly burden Ghanaian exporters and affect the country’s foreign exchange earnings
