The UAE and Ghana have signed a significant agreement to create the first economic zone and digital incubator in Accra. This partnership involves the Ports, Customs and Free Zone Corporation (PCFC) and the Ghanaian government, with the goal of transforming Ghana into a “regional technology powerhouse” that attracts investments in West Africa.

Credit: Dubai Eye 103.8

Under the terms of the agreement, a 25 square kilometer area in Accra will be designated for PCFC to develop the economic zone. PCFC will oversee the operations of the zone and work to attract global technology companies, thereby facilitating investment and business expansion. The initiative also includes collaborative efforts to enhance digital infrastructure and property development within the zone.

Sultan Ahmed bin Sulayem, Chairman of PCFC, emphasized the organization’s commitment to supporting the UAE’s global outreach and sharing Dubai’s expertise in innovation and economic development. He stated that “this smart economic zone, combining innovation, technology, and logistics, will foster commercial growth and strengthen Ghana’s industrial and technological infrastructure.”

Samuel Nartey George, Ghana’s Minister for Communication, Digital Technology and Innovation, expressed that this partnership will significantly enhance Ghana’s economic landscape, positioning it as a technology hub in Africa. He remarked that, “the zone will play a pivotal role in attracting global businesses and talent, positioning Accra as a destination of choice on the international stage.”

Dedicated teams from both nations, specializing in artificial intelligence and investment, will manage the zone. Their focus will be on fostering innovation, promoting business growth, and enhancing regional connectivity. The collaboration aims to empower local communities, traders, and investors, driving inclusive and sustainable economic development across the continent.