Project

This is an investment in sustainable tourism development, a framework to generate economic growth, in future generations exercising environmental stewardship, strengthen governance and consequently in redefining African tourism

  

‘’Invest in Kumasi’s new era in conferencing and hospitality, in the largest Greenfield investment’’

Trans-National Premium Hotel

The Trans-National Premium Hotel (TnPh) will be a luxurious five star full services upscale hospitality brand in Kumasi Ghana West Africa. Designed for the modern nomad, Trans-National Premium Hotel will provide consistent, courteous and crip service for business and refreshing experiences.

Resort Complex

The all-inclusive resorts will be geared toward families, with facilities like craft centers, game rooms and water parks to keep children of all ages entertained, as well be very popular locations for destination relaxation, weddings etc.

Grand Premium Theatre & Convention Centre

Grand Premium Theatre will be a new multi-use performing arts venue which is located at Kumasi Ashanti region, serving Broadway productions, concerts, opera, ballet, family shows, and corporate meetings.
The is a new home of both the Kumasi Ballet and Kumasi Opera, and will be the first major performing arts facility built in Ashanti in four decades.

Why Invest in Kumasi?

Market Access — Kumasi’s location at the centre of the Ashanti Region and of Ghana, coupled with its good road network and airport, makes it the preferred trading centre for most of the surrounding regions and an important commercial centre for West Africa. Kumasi has a daytime population of over 2.5 million, and the Ashanti Region, the most populous region in Ghana, is home to over 5 million people. In addition, Kumasi serves as the commercial hub for the neighbouring Brong-Ahafo Region, the three northernmost regions of Ghana, and parts of the Western and Eastern regions, creating a potential market of about 12 million people. Through Ghana’s membership in the Economic Community of West African States (ECOWAS), Kumasi potentially serves an even larger market of over 250 million people. Merchants from landlocked countries in the Sahel region, and especially Burkina. Wider Ashanti/Northern and Sahelean Zone Faso, Niger and Mali, with a combined population of 48 million, trade at Kumasi’s Kejetia Market, West Africa’s largest open air market — to the extent that a section of the market has come to be called the “French line.” This large potential market is one of the many compelling reasons to invest Kwame Nkrumah University of Science and Technology Statistics.

Supportive Government Policies — A long-term multi-party democracy, the Ghanaian government actively fosters a pro-business environment in the country. As a result of its continuing efforts, in 2013 Ghana ranked number one on the World Bank’s “Ease of Doing Business in West Africa” index and number two in sub-Saharan Africa for the registering property index. A new business can be established in Kumasi in 10 days.

Political Stability — In addition to a longstanding, democratic national government, the city and region benefit from clearly defined traditional authorities who foster peace, unity and stability and serve as custodians of the land. In 2003 the government, in partnership with the World Bank, launched the Land Administration Project (LAP) to develop policy and institutional reform to build a fair, efficient, cost effective land sector and to deliver land tenure security. The LAP has worked with the traditional authorities to streamline the land acquisition process in the region.

Human Capital — Several educational and research institutions provide support to investors

in the form of manpower and research. Most notably, the Kwame Nkrumah University of Science and Technology (KNUST), established in 1952, produces thousands of world class graduates each year. Other institutions include the University of Education, the Kumasi Polytechnic, the Forestry Research Institute of Ghana (FORIG), the Building and Road Research Institute (BRRI), the Institute of Renewable Natural Resources (IRNR) and a number of private universities.

Source: KNUST Basic Statistics, 2008–2012

Abundant Natural Resources — The wide variety of natural resources located in Kumasi and its environs present another strong incentive to invest in Kumasi. Because of Kumasi’s proximity to the Bonsaaso Millennium Village and its close linkages to surrounding agricultural districts, manufacturers in the city have ready access to a range of agricultural products, including cocoa, oil palm, plantain, cassava, cocoyam, vegetables and a variety of fruits. Ghana is one of the top three producers of cocoa globally, with the Ashanti Region being the second largest contributor to Ghana’s cocoa production. Located in a forest zone, the region also has a strong tradition of woodworking and furniture manufacturing; timber processing is also prevalent in the region. Mineral wealth includes gold, bauxite, silica, and iron ore.

Sound Financial Institutions — Many local, regional and international financial institutions serve

Kumasi, including Cal Bank, UT Bank, HFC Bank, Exim Guaranty Bank, Ecobank, United Bank for Africa, Barclays Bank, Standard Chartered Bank and Stanbic Bank (member of the Standard Bank Group). These institutions offer support in the areas of export and import finance, trade finance, and demand, fixed and savings accounts. The financial institutions also provide support for documents needed for international trade such as letters of credit for imports and exports, remittances and other foreign exchange transactions.

Well-developed Infrastructure — With a good road network, a healthy telecommunications industry, and adequate water and electricity supply, Kumasi has in place the infrastructure necessary to conduct business in the city. In addition, Ghana’s second largest airport is located in Kumasi. Four local airlines run daily flights between Kumasi and Accra, the capital, and other cities in the country. A flight from Accra to Kumasi takes about 45 minutes. The city also has numerous healthcare facilities, including the highly regarded Komfo Anokye Teaching Hospital.

Source Kumasi Investment Guide – Millennium Cities Initiative 2013

Invest Today

Be a part owner of this project by Investing in Grand Premium Theater and Convention center/ Trans-national Premium Hotel & Resort Project in Kumasi.