Office Building Complex

Background

The current office space of the Ghana Tourism Development Company is relatively small and not spacious enough to support the congenial working environment for the requisite staff of the company. As the company looks forward to expanding its business operations, an increase in the number of staff is expected.

Management of the company has therefore decided to pull down the current building and construct a modern office complex benefiting the status of a tourism investment and infrastructure development company and also to get more work space to support its activities. The anticipated twelve (12) story building will not only serve as an office space for GTDC but also rented out as commercial property. Since the company aims at promoting and developing tourism facilities and activities, the building will provide space for some business like an eatery, a shopping center, gym, gallery, hotel, banks, forex bureau, office spaces, etc. Revenue will be generated from renting some of the floors to business entities. The developer is expected to find a temporary office space for GTDC until the project is completed within 24 months.

Business Model

The project will be executed in phases through a Public Private Partnership (PPP) arrangement in the form of a Joint Venture Partnerships (JVPs) or Single Purpose Vehicles (SPVs). The project finance models will include Build Own Operate and Transfer (BOOT) and Build Operate and Transfer (BOT). The rest include but not limited to loan or suppliers’ credits. The land will not be sold to the prospective investor but used as part of equity for the project. The project has been designated as a Free Zones one which means that the project will enjoy tax free benefits. Therefore, all the building materials, machinery and equipment and services imported for the construction of the project will be tax free.

Current Status

Receiving proposals from interested consultants and financers/developers.

Next Steps

The Ghana Tourism Development company Limited is a reliable and credible tourism development company which exists to provide a congenial and viable investment environment accessible to both local and foreign concerns.

Contact Information