'This is a confidence boost for entrepreneurs in Ghana' -Ofori-Atta
The Minister of Finance, Ken Ofori-Atta, said the move by the United States of America to establish a data center in Ghana will boost the confidence of investors in the country.
This move, he said, will make Ghana an attractive investment destination for foreign investors. Responding to a message on his social media page, Ken Ofori-Atta said thegovernment is accepting the announcement of a private investment of $300 million from @DFCgov, to build a unique and creative data center in Ghana.
"After the #IMFdeal, @UnitedStates took the lead in promoting renewed confidence in Ghana as an attractive investment destination. We welcome the announcement of a $300 million private equityinvestment from @DFCgov, to build a first-of-its-kind data center in Ghana,” he said. On Sunday, May 21, 2023, the Department of FinancialDevelopment (DFC) revealedthat it has allocated $300 million to establish a data center in Africa, with Ghana asthe location for this project. DFC said the project is part of the US government's support to promote digitization in Africa.
In a tweet viewed by GhanaWeb Business, he saidthat the establishment of a data center in Ghana will be the beginning of the digital revolution in the continent, as well as increasing access to cloud-based technologies. It will also reduce the cost of internet for women.
“Under PGIL, USG will work to build data centers across Africa. This week, DFC announced thatit is using its $300 million loan to Africa Data Centers (ADCs), the largest network of interconnected data facilities in Africa, to build a first-of-its-kind data center in Ghana,” part. which the release reads. “Africa accounts for less than one percent of the total global data center population despite being home to 17 percent of the world's population. This investment builds on the Vice President's recent visit to Ghana and laid the groundwork for digital transformation on the continent by increasing access to cloud-based technologies, reducing internet costs , making it easier toaccess women and make the continent like this. anothercompetitive area for the company," he added.
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