The Ghanian government will spend $10 billion to realize its potential as a major ICT hub in West Africa.

Last week, Ghana said it “initiated the establishment of an innovation center that will promote export-oriented ICT products and services and generate employment opportunities.” The center will form part of an ICT Park to be built in Tema.

The West African nation notes that these plans are part of its drive to build a knowledge-based economy. The “Communications Minister, Mr Haruna Idrissu, said ICT parks worldwide played a critical role as intermediaries that supported knowledge-based economies.” The minister cited the Smart Village in Egypt, Innovation hub in South Africa, Software Technology in India and Technology Park in Malaysia as models for Ghana.

The establishment of ICT Parks may also strengthen the link between Ghanian research institutions and industry. This may engender a culture of commercial research funding, instead of the state-based framework currently used.

Mr. Idrissu says the project is a collaboration between Ghanian businesses, and the Ministries of Trade and Industry and Communication, which will stimulate private sector-led investment in ICT infrastructure. The proposed park is expected to promote technology development and diffusion, and stimulate the formation of new technology-based firms, which will boost wealth creation and provide jobs.

He says efforts are underway to build consensus for the project. Stakeholders were invited to a meeting to view the proposed design of the ICT Park. Ghana has instituted a range of measures to boost its position as a leading player in Africa’s emerging technology sector. Its eGhana project is slated to create over 7, 000 high-end jobs.