
Audio By Carbonatix
Appolonia City, Greater Accra’s newest futuristic city located 20km east of Accra in the Oyibi-Afienya enclave is expected to see an infrastructural facelift estimated at an amount of $10 million in phases over the next three years.
Appolonia City is a project by Rendeavour, Africa’s largest private city developer with over 30,000 acres of visionary projects in growth trajectories of large cities in Kenya, Ghana, Nigeria, Zambia, and the Democratic Republic of Congo.
Ghana has a huge infrastructure deficit that will require investment in the hundreds of billions of dollars to meet- an amount too huge for any single African government to fund.
In the country’s recently approved 2023 budget, an amount of $222 million was earmarked for capital expenditure.
For a country with a total land mass of about 59 million acres, an amount of $222 million could be broken down to $3.7 per acre, clearly showing how insufficient this amount is relative to the infrastructural needs of the country.
To help bridge the country’s infrastructural gap, the government often calls on the private sector to assist.
In response to the call to assist in bridging the infrastructure gap, Appolonia City, in 2016 launched a 20 Mega Watt power station for an amount of 2.5 million dollars to provide stable electric power to residents.
This was to ensure that beyond the residents of Appolonia City enjoying stable power, the 200-acre industrial park located in the enclave would continue to be one of the most power-secure industrial enclaves in Ghana.
Following this rich history and culture of investing in infrastructural development in Ghana, the company intends to invest an additional amount of $10 million over the next three years.
Approximately, $2 million will be invested in 2023. This amount will be used in expanding access to water, power and selected roads within Nova Ridges 2 and 3 in Appolonia City where there are significant development activities by existing clients.
The access roads within the Appolonia City Industrial Park will also see a significant facelift as part of the incoming infrastructural development.
This news certainly bodes well for the entire Oyibi-Appolonia-Afienya enclave where Appolonia City is located as the new infrastructural upgrades will have the indirect effect of raising the value of properties in the entire enclave.
Appolonia City is a 2,535-acre development on the scale of Tema communities 1 through 12 developed by Ghana’s first president Osagyefo Dr Kwame Nkrumah.
The project is the most visionary city development embarked on since the Nkrumah presidency which ended in 1966.
Latest Stories
-
GTA engages Tema stakeholders on new draft regulations, GTIS, tourism levy
8 minutes -
Mason, 45, remanded over alleged defilement of two-year-old
11 minutes -
GNFS recovers body of man from flooded drain at Kpando-Gabi
15 minutes -
China-Ghana friendship built on strong historical ties, mutual trust – Ambassador
20 minutes -
Hohoe MP cuts sod for construction of bridges in constituency
24 minutes -
Treasury bill rates edge up in latest BoG auction
27 minutes -
Ghanaian students abroad to hold global forum on national development
31 minutes -
Alcohol, drugs are not the solution to stress – doctors caution
35 minutes -
TWMA urges youth to avoid drugs during Homowo celebrations
40 minutes -
UBIDS School of Law among 19 schools to run one-year pre-bar course
44 minutes -
Opoku-Agyemang receives update on Ghana National Research Fund
48 minutes -
Mahama underscores importance of faith
53 minutes -
Government allocates ¢100m annually for special needs education
59 minutes -
Sri Lanka prison riots leave 26 dead and more than 100 injured
1 hour -
China sentences official to death for taking $325m in bribes
1 hour