A new US$500 million industrial park is set to be developed in Shai Hills, designed to become a major economic hub in Ghana’s Afienya Industrial Enclave and Urban Renewal Project. The ambitious initiative aims to attract over 25 companies, generate 11,000 sustainable jobs, and contribute significantly to Ghana’s industrial growth, exports, and economic diversification.
A Vision for Growth and Innovation
Covering 500 acres (2.02 square kilometers), the Shai Hills Innovation & Industrial Park is projected to yield US$1.2 billion in annual production value and US$350 million in exports, supporting both local and international markets. The project is aligned with the Ghanaian government’s industrialization drive and the 24-Hour Economy initiative, positioning the country as a competitive destination for manufacturing, logistics, and high-value production.
Authorities say the park will serve as a key driver of economic transformation, offering state-of-the-art infrastructure, power plants, renewable energy sources, and modern facilities such as administrative offices, commercial support centers, smart city apartments, and recreational zones.
Frank Amoyaw, Chief Executive Officer of Landmark Security Limited, has praised the initiative, stating that the industrial park will not only boost Ghana’s industrialization efforts but also enhance regional trade and investment opportunities.
Phased Development and Investment Impact
The industrial park will be developed in phases, ensuring a structured and impactful rollout:
• Phase 1: A US$150 million investment, expected to attract 10 major industries.
• Phase 2: A US$350 million investment, bringing in 15 additional companies.
The park will cater to key industries, including:
• Light manufacturing and assembly
• Renewable energy production
• Agro-processing and food production
• Logistics and warehousing
• Security systems and biosecurity technology
• Medical laboratory consumables and household appliances
A Sustainable Economic Hub
Frank Amoyaw emphasized that the project is designed for long-term sustainability, with a focus on green energy solutions, smart infrastructure, and employment opportunities for Ghanaians. He noted that traditional authorities and local communities will play a crucial role in its development, ensuring that the benefits are widely shared.
The strategic location of the Shai Hills Industrial Park is expected to enhance Ghana’s regional and international trade capacity, attract foreign direct investment, and reinforce the country’s industrial ambitions.
Government officials and stakeholders describe the project as a “game-changer”, poised to transform Ghana’s industrial landscape, boost economic diversification, and create a legacy of prosperity for future generations.
Source: classfmonline.com/Elizabeth Aidoo
