Business
Massive investments in tech set to turn Ghana into innovation hub
Artistic Impression of Hope City. IMAGE/File
Forbes Magazine, is predicting that Ghana will undergo a massive tech boom, should various interventions in the sector proceed unhindered.
The September 2013 edition of the Forbes Africa Magazine based its projection on a number of planned infrastructural developments being promoted by both the public and private sector, international consortiums and some local Ghanain investors.
Forbes’ Muyiwa Moyela reports that “a consortium of Ghanaian and foreign firms look set to transform Ghana into a modern, tech-friendly hub for innovation in Africa”.
He cites the massive investment in building tech parks which include: Ghana Cyber City; Appolonia City; King City and HOPE City projects being promoted by a number of global institutions, including the Renaissance Group of Russia, Washington DC-based Xalles Ltd., Ernst & Young and the Ghanaian firm RLG Communications Group.
RLG Communications Group is on track to commissioning a US$100 million computing and mobile device manufacturing center, the first of its kind in 2014 in the West African nation.
The magazine singled-out RLG CEO, Roland Agambire who is promoting the US$10 billion technology park – HOPE City, which when completed is estimated to create over 50,000 jobs, and has strong backing from the John Mahama administration.
“This is turning out to be my biggest and most exciting challenge yet. I am extremely passionate about transforming Ghana into a knowledge driven economy”, Agambire, who is described by the magazine as an “incurable optimist” is quoted as saying.
He expressed optimism about the ability to raise funding from both local and international markets, promising that “any investor who invests in HOPE City will recoup his investment within 5 years, including making a projected turnover of over 250 percent”.
The HOPE City Project was unveiled in March this year, and is expected to be completed in three years time.
Source: The Chronicle