Press Release: Ground-breaking on New Industrial Park in Ghana – A Platform for Growth in West Africa

BlackIvy, an American company that builds and grows enterprises in East and West Africa, broke ground today on The WestPark, a 405-acre industrial business park in Takoradi, Ghana. The event, which featured remarks by Ghana’s Hon. Minister of Trade & Industry, Alan Kyerematen, was attended by representatives from over 20 international companies, including several Global Fortune 100 companies.

The WestPark offers companies the platform to produce goods in Ghana and do business more easily with West Africa’s growing markets.  Featuring a mix of industrial, commercial and residential zones, the WestPark eliminates many of the challenges – including access to reliable power, water and transport – that often confront companies in Sub-Saharan Africa. Ghana’s stability, strong economic outlook and excellent links to regional and global capitals make it a gateway to West Africa.

Ghana’s President, His Excellency Nana Addo Dankwa Akufo-Addo, said in a statement on the occasion of the ground-breaking:

“Building vibrant industrial clusters like the WestPark that attract global market leaders like Bosch, Knauf and Grohe and offer the operating environment for successful Ghanaian and international companies is what emerging economies in Africa need to thrive and diversify.

I expect the WestPark to accelerate the industrial transformation of Takoradi. This metropolitan area has already benefitted from large, multi-billion-dollar investments in gas, power, port and rail infrastructure.  It is home to Ghana’s main port for exports and the gateway to a region rich in agricultural and mining resources. And with the expansion of the port, the rehabilitation of the rail line and the increase in available natural gas, Takoradi now offers the infrastructure to process and add value to these and other indigenous assets.

We invite other investors to take advantage of this industrial platform and what Ghana has to offer as a gateway to West Africa.  My government and the citizens of this region look forward to championing and participating in this growth.”

Four of Germany’s preeminent companies, Bosch, DHL, Grohe and Knauf, along with American company DTRT and Stanbic Bank Ghana, have joined BlackIvy in the Takoradi Industrial Partnership (see backgrounder), a consortium of companies committed to collaborating and leveraging their strengths to help build West Africa’s next industrial hub in Takoradi.

Companies seeking to learn more about Ghana and the WestPark and connect can do so at westparkghana.com.