The Ashanti Region is set to host a cutting-edge industrial machinery park under the 24-Hour Economy Authority and Accelerated Export Development Programme, with key milestones targeted for May 2026.
Dr Ishmael Nii Dodoo said the government is collaborating with the Kwame Nkrumah University of Science and Technology (KNUST) to establish the Kumasi Machinery Innovation Park, positioning the Ashanti Region as Ghana’s industrial hub.
“For the 24-Hour Economy, we want the Ashanti Region to be the nerve centre of driving industrial machinery. We are investing in what we call the Kumasi Machinery Innovation Park,” Dr Dodoo told journalists.
The park will enable Ghana to locally produce a full range of industrial machinery, supporting factories under the 24-Hour Economy initiative and reducing reliance on imports. Currently, Ghana spends about $1.5 billion annually on imported industrial machines.
“This facility will cover the entire production cycle, from fabricating machines and components to developing the technology to operate them,” Dr Dodoo explained.
A key component of the initiative is its partnership with Suame Magazine, one of West Africa’s largest artisanal manufacturing hubs. Investors are lined up to work with the Suame Magazine community to modernise operations and meet export standards.
“We have several investors coming in to set up the industrial park who will collaborate with the Suame Magazine team to digitalise operations and enhance skills and quality for exports,” Dr Dodoo said.
Land for the project has been secured, and the government is engaging investment forums with the Ghana Investment Promotion Centre to attract anchor tenants and formalise commitments.
By May 2026, the park is expected to be “shaping up in terms of bankability,” offering opportunities for domestic industries and establishing Ghana as a machinery production hub for Africa.
