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The investment estimated at $ 2 billion in the trade show redevelopment project, in line with international standards, will begin next year, in 2020.
The first phase of the project, which will begin in the first quarter, will include work on the Convention Center, exhibition halls and hotels, while the second quarter will include the development of offices, amusement parks and a village built in Ghana.
The project would be transformed into a modern facility within five years and would not only be physically attractive, but also commercially viable, able to sustain itself and generate significant economic and business benefits for its shareholders through the payment of dividends and the job creation.
At the Accra Investor Conference, Prof. George Gyan-Baffour, Minister of Planning, said the project was aimed at enabling the government to build a first-clbad international multi-purpose fair center to allow Ghana to present and promote its exportable products and products. services with a view to attracting investors.
He added that the government and the Trade Fair Company would finally be able to take advantage of this prime location in the heart of the capital and create business opportunities for investors and the people of Ghana.
The minister said the project, once completed, would generate additional tax revenue from businesses and facilities and that about 10,000 jobs would be created in the areas of planning, construction and post-mortem management. construction.
Teacher. Gyan-Baffour said the government will continue to improve the macroeconomic environment through policies and programs aimed at strengthening the economic fundamentals for businesses to flourish.
"We will continue to work to find the right tax regime for the private sector as well as for stakeholders," he added.
He added that the government had improved the clearance of goods in the ports through the introduction of the paperless transaction system facilitating the transfer of goods in the port.
"Government revenues have increased by more than 35% and are working hard at the financial sector to enable strong growth in private sector credit."
He added that the minimum capital requirement of the bank had increased from 120 to 400 million GH, in order to allow banks to lend and help the private sector to develop economically and gradually build a Ghana beyond help.
Ken Ofori-Atta, Minister of Finance, said the project would position the country as a regional hub, with Ghana hosting the Continental Free Trade Area secretariat.
He added that the country advocated for the creation of financial, aeronautical and oil poles to serve the region and to attract investors.
Ofori-Atta said the country had made progress in macroeconomic indices after the IMF exit, noting that inflation had risen from 15.4 percent to 9 percent.
"We will continue to introduce tax policies that will ease the burden of business and make the country the preferred destination for investment."
Agnes Adu, General Manager of Ghana Trade Fair Company Limited, said the conference was intended to provide a platform for investors and potential investors to dialogue and clarify their concerns.
She said the project, which covered an area of about 156 acres, would create a well-coordinated, well-managed, world-clbad commercial enclave capable of attracting global trade and investment to the country.
Source: GNA
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