This serves as a major boost for Ghana in the Government's push to make digitalisation a major economic growth pillar and employment pool for the youth.

ADC recently signed the deal with the Ghana Trade Fair Company after a year of negotiations. All is now set for construction to begin at the Trade Fair siteLa, Accra.

The US International Development Finance Corporation (DFC) announced a $300 million loan facility to Africa Dag Centres (ADC)to construct this first-of-its-kind Data Centre in Ghana at the Trade Fair site.

The Data Centre is part of ADC's expansion plans in Africa, spanning 10 markets across the continent including South Africa, Zambia, Kenya, Rwanda, Egypt, Morocco, SenegalIvory Coast, and Angola.

The ADC facility will support computation, data storage, and network and business applications for enterprises and institutions in both Ghana and abroad, particularly, the regional market.

Before a location for a new data centre facility is selected, the key factors an investor will consider include the cost and reliability of power, the cost of construction, the country's telecommunications infrastructure/reliability, and the risk of natural disasters.

The Ghana Trade Fair Company Limited embarked upon the redevelopment of its current site into a modern mixed-use commercial enclave in 2019.

As part of the project, a portion of the land was carved out to develop a modern Technology Park, dubbed"The Tech Hub" similar to Silicon Valley in California, on the master plan for the Redevelopment project.

The New ADC Data Centre will be located within this Tech Hub area of the redevelopment master plan. The company is in talks with other technology companies to develop incubators and commercial facilities within the Tech ob enclave.

Ghana's President, Nana Addo Dankwa Akufo-Addo, in welcoming the new investment, said, "The establishment of Africa Data Centre's new 10MW data centre, in the heart of Accra, is a significant step towards bridging the infrastructure gap, and developing further our digital economy.

This investment and the Government's drive at digitizing all sectors of the economy will enable us to increase our capacity to access digital services and help even more to attract foreign direct investment into our economy."

Dr Agnes Adu, Chief Executive Officer, Ghana Trade Fair Company Limited, said, "Africa, for the most part, has been lef out of the technology infrastructure until now.

The new ADC data centre is a huge step in the right direction. It comes just in time as Ghana is focused on digitization and using technology to develop and boost our economy."