GIPC backs $1bn UAE tech hub to boost Ghana’s digital economy

The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has endorsed the proposed $1 billion Innovation and Technology Hub by the United Arab Emirates (UAE), describing it as a major step forward in positioning Ghana as a digital and investment hub in the West African sub-region.
Speaking in Accra at a strategic meeting with the UAE Ambassador to Ghana, Dr. Abdulla Almandoos, Mr. Madjie said the initiative would not only strengthen bilateral economic cooperation but also drive Ghana’s long-term ambitions in the digital economy.
“This initiative can accelerate Ghana’s digital transformation and position the country as a hub for technological excellence in the region,” he stated.
The ambitious project, fully funded by the UAE’s Ports, Customs and Free Zones Corporation (PCFC), is scheduled to commence in 2026 and reach completion by the end of 2027. Ghana will provide the land for the development, while PCFC will lead the financing, construction, and management of the facility.
The Innovation and Technology Hub is expected to house a range of facilities, including data centres, incubators, co-working spaces, and infrastructure to support start-ups and established technology firms.
It is anticipated to become a magnet for foreign direct investment (FDI) into Ghana’s digital and knowledge economy.
Mr. Madjie said the GIPC would play a facilitative role in attracting global investors and ensuring the initiative aligns with Ghana’s development goals under the Ghana Digital Economy Policy.
For his part, Ambassador Almandoos underscored the mutual benefits of the project and encouraged regional telecom and tech firms to consider establishing operations within the hub.
He indicated that firms operating from the site could also benefit from UAE-issued licenses, enabling them to scale across international markets.
“This Ghana-UAE Innovation and Technology Hub aims to drive sustainable growth, foster collaboration, and boost innovation across various sectors,” Ambassador Almandoos noted.
Source: Classfmonline.com/Cecil Mensah
Trending News
Two arrested for impersonating Goldbod taskforce officials in Western Central Region
03:34Defence Minister inaugurates 4th VAG board
03:12Mahama taps US-trained surgeon as Dep. Health Min.: Prof. Ayensu-Danquah brings decades of int’l expertise to healthcare role
09:05NDC flips Ablekuma North seat in tight parliamentary re-run
00:39Anti-galamsey taskforce raids Ankobra river: Equipment destroyed and confiscated
09:03Minority calls out gov't appointees for ‘celebrating violence’ in Ablekuma North
00:28Lands Minister inaugurates Greater Accra Regional Lands Board
02:59Agric Minister solicits CSIR expertise to modernise agriculture
02:56Minority Leader demands full investigation into Ablekuma North parliamentary re-run violence
02:44Hassan Ayariga responds to GTEC over circulating letter on use of ‘Dr.’ title
17:10