A Mauritian delegation, led by the Minister of Financial Services and Good Governance, Mr Dharmendar Sesungkur, and comprising the Financial Secretary, Mr. Dharam Dev Manraj, and senior officials of the Ministry of Finance and Economic Development is currently in Indonesia to attend the annual meetings of the International Monetary Fund and World Bank.
In the margin of these meetings the Mauritian delegation met the Senior Minister of the Office of the President of the Republic of Ghana, Mr Yaw Osafo Maafo, and his team of technical economic advisors to discuss the implementation of two projects by the Ghana Smart City Ltd.
The Ghana Smart City Ltd is a joint Special Purpose Vehicle for the implementation of projects in Ghana, in which the Mauritius-Africa Fund holds 60% of the shares on behalf of the Government of Mauritius. The two projects are to be implemented in two phases: Phase I – Setting up of a Cyber Tower and Innovation Centre in the R&D Campus of the University of Ghana in central Accra on approximately 12 acres; and Phase 2 – Setting up of a Technology and Business Park in Dawa, where the Government of Ghana proposes to build a Smart City.
The Ghanaian Parliament has ratified the Framework Agreement between Mauritius and Ghana that paves the way for the joint development of these two key projects. Mr Maafo stated that the Government of Ghana is taking bold steps to accelerate the implementation of the two projects. Consequently, an MOU will be signed between the University of Ghana and the Ghana Smart City Ltd for the vesting of 12 acres of land for the setting up of a Cyber Tower and Innovation Centre in the R&D campus of the University of Ghana.
Some 20 acres of land have already been acquired in the name of Ghana Smart City Ltd for the future phase which consists of the setting up of a Technology & Business Park in Dawa. The title deed will be signed shortly.
The Ghanaian Senior Minister stated that his Government is currently working on a master plan and guidelines to strengthen the financial sector as part of its vision to become a financial hub in western Africa and in that context requested the Government of Mauritius to provide all support to the Ghana to pursue this objective.
Moreover, Mr Maafo announced that he will lead a delegation in Mauritius as from next week and this will provide the opportunity to both sides to keep updated on the future development for the implementation of these two key projects.
Source: Government of Mauritius