CHINESE INVESTORS, Fujain Chamber of Commerce, in collaboration with the Ashaiman Municipal Assembly (ASHMA) in the Greater Accra Region, are to sink about $400 million into infrastructural projects at Ashaiman.
The project involves the construction of an industrial park, ultra-modern lorry terminal and market in order to decongest and redevelop the municipality into a 24-hour business community, thereby creating jobs for the teeming unemployed youth in the municipality.
The project is expected to commence after the contract has been signed.
After the signing of an initial memorandum of understanding (MoU) with the investors from China last month, Mr. Wu Weixin, Chairman of Foshan, said the project would provide affordable housing, job opportunities, tourist attraction and make Ashaiman a sister-city to Guangzhou Province in China.
According to him, it is because of the friendly business environment created by government that has compelled him to invest in Ghana.
“I have identified numerous business opportunities at Ashaiman which we think will be good for us. We are very impressed with the things we have seen and we can invest in things like ceramic company, automobile service,” he stated.
Explaining the agreement, the municipal chief executive for Ashaiman, Mr. Albert Boakye Okyere, said the MoU which was signed under Public Private Partnership (PPP) is focused on infrastructural projects.
According to him, his desire is to see Ashaiman witness massive infrastructural development which will bring relief to the people of the municipality.
He said “we want to construct an international lorry terminal because of vehicular congestion at Ashaiman and we are strategically positioned. Cars move from Ashaiman to Cote d’Ivoire, Benin, Togo, Nigeria and the ‘land-locked’ countries.”
Mr. Okyere commended the Foshan Chamber of Commerce for expressing their interest to make an investment at Ashaiman and support the vision of government.
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