Ghanaian government to invest $2billion in Trade Fair Redevelopment

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Prof Gyan-Baffuor made this comment on the Ghana Trade Fair Centre Redevelopment Investor Conference held in Accra Thursday (July 25, 2019).

He mentioned that the redevelopment of the Centre into a contemporary commerce exhibition web site will generate extra tax income from new companies and buyers each domestically and on the worldwide sphere.

“For the government and the people of this country especially this community, this estimated $2b investment that will generate additional tax revenue from the new businesses and new development.”

It is anticipated that the undertaking will take about three to 5 years and will likely be carried out in three phases with one section projected to lead to the event of a 12,000-seater commerce conference centre.

 

Also, trendy lodges, retail retailers, amongst others are anticipated to be constructed on the positioning.

The minister mentioned the Centre may even present an estimated 10,000 jobs together with 3,000 direct jobs and seven,000 oblique ones all through the worth chain.

“That is from project planning to construction and post-construction management,” he defined.

Prof. Gyan-Baffour added that the “hub of highly intensive business activities”, as soon as accomplished, will generate everlasting employment of greater than 10,000 people any given second in addition to an estimated $150m value of enterprise yearly.

 

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He added that “the Ghana Trade Company has made sure that the design, concepts would drive tourism through the various theme parks and hotels as well as the retail outlets that will serve the entire sub-region.”

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