Home Business Ghana to obtain $75m WB aid for Industrial Park

Ghana to obtain $75m WB aid for Industrial Park


Trade Minister Alan Kyeremanten has claimed Ghana is due to receive $75 million from World Bank to develop industrial parks. 

He claimed the deal is section of a new World Lender job acknowledged as Ghana Economic Transformation Challenge (GETP).

In accordance to him, United kingdom Office for International Development is also giving Ghana £20 million as portion of endeavours to build work as a result of industrial parks.

The Minister disclosed these to journalists right after commissioning the Dawa Industrial Zone created by LMI Holdings in the Ningo-Prampram District.

The recently commissioned 20,000-acre industrial park has a 330/34.5kV electric power substation, paved roads, water, world-wide-web connection and a number of other amenities, which tends to make it easy for both equally existing and new businesses to established up in just that zone with no any hustle.

Alan Kyeremanteng is self-assured that industrial parks these types of as the Dawa Industrial Zone would draw in the sort of buyers that would open up production crops and factories to produce employment for Ghanaians and benefit for the financial system.

Power Minister Peter Amewu, who represented President Nana Addo Dankwa Akufo-Addo at the commissioning, mentioned the Dawa Industrial Zone is a sterling case in point of how community entrepreneurs can take gain of the enabling atmosphere produced by the authorities to establish considerable company alternatives and generate employment.

He was specifically happy with the 330/34.5kV electricity substation in the Dawa Industrial Zone, declaring that it was a glowing instance of the significant job the private sector plays in offering the required infrastructure to empower the state meet its power needs. 

Main Executive Officer of LMI Holdings, Kojo Aduhene, was psyched about the infrastructure the park delivers for business to build their factories, places of work and plants with out getting to go by the hustle of connecting electrical power, internet, drinking water and other utilities for them selves.

He thinks the Dawa Industrial Zone would go a extensive way to cut down the tension on Tema, including that the firm goals of turning Dawa into a comprehensive industrial town like Tema to help countrywide growth.

“Since Kwame Nkrumah constructed Tema as an industrial town 60 decades in the past, there has not been any person like it so we intend to get started from Dawa and build an additional industrial city,” he mentioned.

 Meanwhile, some companies have currently commenced creating offices within the Dawa Industrial Park. 

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