The Ghana Trade Fair Company Limited (GTFCL)has organized a one-day investor conference to create a platform for interaction between the Company and interested investors towards the redevelopment project to be undertaken in 2020.
The key objectives of the event was to present the redevelopment scheme, Masterplan and create opportunities for interested investors in and abroad to have an in-depth knowledge and relevant information for decision making.
The Chief Executive of Trade Fair, Dr. Agnes Adu, in her presentation gave a detailed description of the redevelopment project on the 156-acre prime land into a modern mixed-use commercial estate with convention and exhibition facilities.
She announced that the 5-years Project would be executed in 2 phases to provide a modern mixed-use, smart, green and sustainable enclave for promotion of the company’s core mandate to host conventions, exhibitions and trade shows.
“ the GTFCL will serve as a hub for domestic, sub-regional and international trade and commerce.” She noted.
“ This is the President’s vision to turn trade fair into Continental trade hub in Africa and so, the Board of Directors has mandated management to undertake the redevelopment project,” she added.
She said, GTFCL is ready to partner with any well-resourced investors to rebuild the outfit.
However, she announced that, GTFCL would take full responsibility of the project as a limited liability company with investors acting as co-partners in order to ensure adequate execution of the project.
Dr. Agnes Adu advised local investors to bid for the contract since her outfit would rely on local content policy as key to woe local investors through competitive bidding, but also, indicated that, both local and international companies must be tolerable and risk investors and as well be able to comply with the policies of the country.
“we will use the PPA to facilitate the bidding process in order to chose the right candidate for the job as invitation letters will be send to only limited targeted companies.” She explained.
“We will also carefully view the track records and projects undertaken by the companies so as to get a vivid description of all investor companies before signing any agreement,” she again said.
The Chief Executive therefore encouraged investors to take advantage of the conference and approach her outfit on any key issues concerning the bidding process for further explanation and understanding.
The Finance Minister, Ken Ofori Atta, indicates that government’s intention is to find a way to leverage the land to the various investors that can allow them to process their document smoothly.
But indicated that a masterplan of redevelopment project would be outdoored so as to enable every individual investor fit into the requirements needed by management of the company.
Source: Eric Nii Sackey