Government of Ghana has envisaged that industrialization will lead to the transformation of the economy and pave the way for the citizens to enjoy the benefits of an industrial economy with quality jobs and higher incomes. This vision needs a radical shift in national thinking and policy direction in the use of natural resource endowments in order to massively increase the pace of quality job creation and income growth that benefit all citizens.
Government can only do this through encouraging the participation of private sector and multinational corporations (MNCs) into the industrial sector. Whiles ensuring the right environment for businesses to thrive. However, over the last decade access to a dedicated and litigation free lands and other infrastructure required for industrial development in Ghana has been a challenge. This situation has discouraged potential investors from venturing into the industrial sector and thereby limiting Ghana’s access to sustainable amount of FDIs needs for job creation, income and poverty reduction.
In order to address this challenge and contribute to the development of Ghana, the government of Ghana through the Ministry of Trade and Industry as part of its transformational agenda seeks to encourage the establishment of at least one ‘large’ park(s) in all the ten regions of Ghana.
Objective of project
The development of the project are
- To develop effective industrial land banks acquisition and security systems at national, regional and district levels to facilitate easy zones/enclave planning for industrial development and also to promote spatial distribution of industrial development for job creation in order to achieve reduction in poverty and income inequalities.
- To improve access to litigation free land and access to utility services whiles spreading economic activities across the country
- To provide an institutional framework, modern services and physical infrastructure that may not be available in the rest of the country to foster development and economic activities
- To encourage industrial cluster formations for networking and spill over effects.
Type of parks
The industrial park could take any shape and form depending on the business module of a given park developer and investment decision of the park developer. It could either be a multipurpose industrial parks, sector specific zones or special economic zones. Government is considering creating sector specific industrial parks for sector specific industrial parks for essential products and services. These may include but not limited to the following;
- Agric-Processing Park(s)
- Pharmaceutical Park(s)
- Automobile & Vehicle Assembly Park(s)
- Textiles, Garment and Apparel Park(s)
- Petrochemical Park(s)
- Food Processing Zones
- Information Technology Park(s)
- Equipment and Electronic Park(s)