Accra: The Ports, Customs and Free Zone Corporation (PCFC) and the Government of Ghana have signed a Memorandum of Understanding (MoU) to establish Ghana's first economic zone and digital incubator in Accra. The initiative is set to contribute significantly to Ghana's transformation into a regional technology hub, thereby attracting increased investment into West Africa.
According to Emirates News Agency, the MoU was signed by Sultan Ahmed bin Sulayem, Chairman of PCFC, and Samuel Nartey George, Ghana's Minister for Communication, Digital Technology and Innovation. The agreement allocates a 25 square kilometre area in Accra to PCFC, which will oversee the development and operation of the economic zone. This strategic move aims to attract global technology companies, facilitating both investment and business expansion in the region.
The MoU further outlines collaborative efforts to enhance digital infrastructure and property development within the zone. Sultan Ahmed bin Sulayem emphasized PCFC's dedication to supporting the UAE's global initiatives and sharing Dubai's innovative experiences in economic development. He highlighted that this project strengthens PCFC's role in advancing Dubai's knowledge and innovation-driven economy through sustainable growth and advanced technology investments.
Bin Sulayem also expressed gratitude towards the Government of Ghana for their confidence in PCFC's capabilities and the welcoming reception of this initiative. He remarked that the economic zone would integrate innovation, technology, and logistics, fostering commercial growth and enhancing Ghana's industrial and technological landscape.
Samuel Nartey George noted that the partnership is expected to significantly enhance Ghana's economic standing, transforming the nation into a technology hub within Africa. He stated that the initiative aligns with Ghana's vision for digital transformation and sustainable economic advancement, with the zone playing a critical role in attracting global businesses and talent, thus positioning Accra as a preferred international destination.