Ghana To build A Multi-Billion Wakanda City of Return. An Ultra-modern Smart City in Cape Coast.
Although inconsistent power supply held growth back by 0.5 percentage points in the 2000s,
infrastructure contributed slightly over one percentage point to Ghana’s improved per capita
growth performance. Raising the infrastructure endowment of the country to that of the region’s
middle-income countries might improve yearly growth by more than 2.7 percentage points.
When compared to other African low-income countries, Ghana now has a relatively mature
infrastructure foundation. However, when the country approaches the middle-income criterion,
it will need to concentrate on improving infrastructure indicators to meet this standard.
The African Diaspora Development Institute (ADDI) and two local enterprises have signed
a memorandum of understanding to pave the way for the establishment of the Wakanda City Of Return,
an ultra-modern smart city. The partners hope to build a place of pilgrimage for people of African
origin to learn about their history, culture, African civilisation, and its role in the creation
of the new world economy by leveraging Ghana’s legacy and cultural tourist value. The project
is a private-sector-led endeavor to develop Cape Coast’s shoreline and new areas by providing a
historic experience with 5-Star hotels, a retreat and wellness resort, conference centers, and
ADDI’s ultra-modern continental corporate offices. Pelicape Limited and Adepa Africa Investments are
the two local companies engaging in the joint venture with the African Diaspora Development
Investment. Approximately 3,000 employment are planned to be created in Cape Coast as a result
of the project. The organizers claim that the project’s timing is ideal because the country
is still benefiting from the government’s “Year of Return” and “Beyond the Return” initiatives.
Thanks for joining us to discover more on the construction of the Wakanda City of Return.
Stay with us as we find out more about the project and its benefits to the Ghanaians.
The Idea behind the Creation of the City. The city, whose name is based on the
technologically advanced fictitious African location depicted in “Black Panther,” aspires
to serve as a pilgrimage for individuals of African heritage to learn about their history,
culture, and Africa’s role in the establishment of the new international economy.
The city project is divided into five parts. The city will have a 1,000-bed teaching hospital,
a university and technical college, five-star hotels and resorts, a pharmaceutical production
plant, parks and green space, a shopping center, roads equipped for self-driving electric cars, and
more when it is finished. “The African Diaspora is committed to changing the African narrative,” the
city’s project team said in a statement. “We strongly believe that a united African Diaspora
can bring the capacity needed to move Africa to its rightful place on the world stage.”
Benefits of the Wakanda city of Return project. The ‘Wakanda City of Return’ will see the erection
of five-star hotels, a heritage walkway, a retreat and health resort, conference centers,
and the continental corporate headquarters of the African
Diaspora Development Institute along the Cape Coast shoreline (ADDI).
The project is going to create about 3,000 job opportunities within the Cape Coast.
Contributions towards the Construction of the Wakanda City of Return.
The paramount Chief of Cape Coast, Osabarima Kwesi Atta II, who was also the
Chairman of the event, addressed the crowd during the launch, praising the Assembly’s
and its partners’ initiative and pledging his commitment to ensuring the project’s success.
He said the project, which would be developed along Cape Coast’s coasts, should be used to
change the negative narrative about Cape Coast and Ghana as a whole in terms of development. He went
on to say that the ultramodern metropolis should be able to demonstrate to the rest of the world
that Ghana is not only rich in tourism potential, but also in mental power to achieve great things.
Rev. Ing. Prof. Joshua Danso Owusu-Sekyere, Vice Chancellor of the Cape Coast Technical University,
also pledged the University’s readiness to work with the investors to make the project a success,
stating that the project will not only increase the area’s tourism potential
but will also attract more investors.
Dr. Kojo Taylor, Chairman of the ‘Wakanda City of Return,’ who is also a partner of Sanford Clinics
in Ghana, said the partners are on track to raise the necessary finances to create the city.
As a result, he dismissed concerns that the project would be one of the unfulfilled promises.
“I’ve worked on a number of projects, including the Sanford Clinics, and I’m
confident that getting funds for this one will be simple. We will provide public updates on
a monthly or quarterly basis so that people are aware of our progress “He
went on to say. Her Excellency Ambassador Arikana Chihombori-Quao,
the President of ADDI and a former African Union Representative to the United States, praised Hon.
Ernest Arthur, the Mayor of Cape Coast, for his commitment to seeing this project through. She
stated that she is ready to raise funds so that building may begin as soon as feasible.
Nana Obokese Ampah I, Chief Executive Officer of Adepa Africa Investments
and Apagyahen of Asebu Traditional Area,
emphasized the importance of coming together as a people to push this great ambition forward. He
believes that the people of Cape Coast must come together to help him realize his ambition.
The Ghanaian government has accepted a good initiative necessary for the development of
the country. Upon completion, the Ultra-modern smart city will be able to raise Ghana
to a level of maximum development. Thanks for watching this video on Africa Reloaded. Hope
you enjoyed it, if you did, do not hesitate to subscribe to our channel for more videos
on Ghana.