Trade Fair management committed to make facility West Africa’s leading trading hub
The management team of the Ghana Trade Fair Company Limited is committed to converting the trade fair center into a leading trading hub in West Africa.
Over the next five years, it aims to complete a project that will host the African Continental Free Trade Area (AFCTA) Secretariat as well as other top-notch facilities.
The Trade Fair Center, which spans an impressive 236 acres, has long been in a state of disrepair, with many of its pavilions and facilities falling into disuse.
But what started as a post-independence project to boost trade and industrialization in Ghana is now set to become a profitable and well-resourced institution.
The Ghana Trade Fair Company Limited (GTFCL), a limited liability company mandated to promote and facilitate trade in Ghana, has announced an ambitious plan to revitalize the site after it was demolished.
“We will also develop amusement facilities, commercial and residential properties on site and last but not least, we will house the AfCFTA. We are building our main convention and exhibition facility here on site so that we have plans to build a hotel on site so that when you come for an exhibition, there is a place on site. We also plan to build a retail and made in Ghana pavilion. That is the goal for the next three to five years”, Dr. Agnes Adu, CEO of the GTFCL said.
The center, which will be referred to as the Trade and Expo City will be a modern and well-equipped facility, leveraging Ghana’s global market potential.
Following the development of the horizontal infrastructure, the management of the company will initiate the processes of selecting investors to develop various lots through open competitive bidding.
“We hope to develop a well-planned enclave that will virtually run 24 hours if not seven days in a week. With the way the project is laid out, we went with a service lot approach which means that investors must not worry but just tap into what we have”, Dr. Agnes Adu added.
Finance Minister, Ken Ofori-Atta said the redevelopment presents a unique opportunity for Ghana to solidify its position as a regional economic powerhouse.
“This is the emancipation that will necessarily be the next drive of this whole issue of where Africa should be. So, let’s understand this tripod that even as small as we are as a country, we are leading this economic emancipation.”
Source: Ghana Business
