Free Zones Boss Courts Iranian Businesses To Ghana


Mr Michael Okyere Baafi, the Chief Executive Officer (CEO) for Ghana Free Zones Authority, last Thursday, February 28, 2019, paid a courtesy call on the Iranian Ambassador to Ghana, Dr. Nosratollah Maleki.

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The two, discussed issues of mutual concern and prayed for increased investments from Iran into Ghana.

Instructively, companies operating under the Free Zones enclave, exported goods valued at $1.04 billion in the first nine months of last year.

The economy of Iran is a mixed and transition economy with a large public sector.

It is the world’s eighteenth largest by purchasing power parity with 60percent of the economy centrally planned.

Foreign Direct Investment (FDI) into Iran, mainly focuses on sectors such as polymer and chemicals, steel, trade, motor vehicles, mining, plastic and medical devices.

The official unit of currency is the Iranian rial.

Iran Foreign Direct Investment stands at 2356.90 USD Million.


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