Ghana Technology Park Limited will be incorporated in Accra in December 2005. The Company will develop and manage the Ghana Technology Park (GTP), an upscale business and innovation center to
(1) identify and develop early stage technology incubation opportunities
(2) assist client companies to commercialize their products, and
(3) broker contracts between buyers of outsourcing services (based primarily in Europe and North America) and IT and BPO providers stationed at the Park.
Equity partners of the Ghana Technology Park will comprise:
• Africa: Private companies led by Ghana Cyber Group, Inc. (30%)
• Europe: Commonwealth Business Council Technologies and partners (30%)
• USA: Venture capitalists and tech firms with global interest e.g. IBM, Microsoft (40%)
Ghana Technology Park will offer the following:
(i) Hardware & Business Office Rental
(ii) Start-up Incubation
(iii) Outsourcing Brokerage Business and
(iv) Information Technology Support Services.
The Company will position itself as the leader in promoting the IT and BPO industry in Sub-Saharan Africa, as the region competes for a niche market in the $550 billion offshore outsourcing market, which is expected to continue to grow nearly 20% annually through 2008. According to a 2005 McKinsey& Co. study, the information technology and enterprise solutions market in India alone is likely to reach $142 billion by 2009. By contrasts, companies in the United States currently spend $532 billion for these services .
The Ghana Technology Park will be established at the Accra-Tema Export Processing Zone, a special free zone area designated by the Ghanaian government for technology and industrial development with generous tax and other commercial incentives. The free zone is equipped with reliable utilities, including an on-site power sub-station to ensure uninterrupted energy supply, a large water reservoir and reliable but affordable telecommunication services.
For more detailed information on the Ghana Tech Park Project, click on the links below
1. The Ghana Technology Park Project (presentation)
2. The History of The Ghana Technology Park Project (presentation)
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