GENERAL NEWS

Shai Hills Industrial Park: A $500m investment to transform Ghana’s economy

A new $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 $1.2 billion in annual production value and $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 $150 million investment, expected to attract 10 major industries.

• Phase 2: A $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 emphasised 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

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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