Since returning to a multi-party system in 1992, the West African country of Ghana has made outstanding democratic achievements. The country consistently ranks among the top three in Africa for freedom of the press and freedom of speech. Its market-based economy has relatively few policy barriers to trade and investment in comparison with other countries in the region. The 2013 Ghana Investment Promotion Center Act regulates investment in all sectors except minerals, mining, oil, gas, and free-zone industries.
Ghana has had a free zones program since 1995, when it passed the Free Zones Act and established the Ghana Free Zones Board. The Free Zones program endeavors to promote economic development through attracting foreign direct investment, generating employment opportunities, increasing foreign exchange earnings, providing opportunities for foreign-local joint ventures, enhancing skills, transferring technology, and diversifying exports.