A new $60-million state of the art shopping mall, named Achimota Retail Centre, located near the Saint John’s Grammar School at Dome in Accra, is to start operation today
The mall, which covers 14,622 square metres, was built by WBHO, a construction firm within 18 months and would serve residents of Dome, Achimota, Tantra Hills, Ofankor, West Legon, and other surrounding areas.
The retail centre, jointly financed by Atterbury Africa and NASEK, and owned by the Delico Achimota Ghana Limited, is expected to employ more than 400 workers.
Roux Gerber, West Africa Development Manager of Atterbury Property Developments, told journalists after a tour of the facilty that his outfit was confident in the Ghanaian economy and that was the reason for investing in the shopping centre.
He said Atterbury wanted to use Ghana as a base to penetrate into other West African economies.
Mr. Gerber said the Achimota Retail Centre contained 51 shops and currently about 90 per cent of the shops had been rented out to companies.
Some of them are Shoprite, Telefonika, X Base, Basilissa and Starlite, Stanbic Bank, Surfline, Palace, Nallem and Telefonika.
Osafo Gyimah, a board member of Delico Achimota Ghana Limited, who initiated the Achimota Retail Centre project, said his desire to bring the project into the country was to boost the Ghanaian economy.
As a property development expert, Mr. Gyimah said he had championed numerous of such projects in South Africa where he is domiciled, and felt there was the need to bring such projects to Ghana.
He said Delico Achimota Ghana Limited was constructing another multi-million dollar shopping centre in Kumasi and the project would be completed next year.
Meanwhile, a number of personalities have described the retail centre as a big boost to the Ghanaian economy, saying it will help to change the business landscape of Achimota and its environs.
In an interview with the Times, the personalities said the new mall would help to address the long distances residents of Achimota and its environs travel for shopping.
John Kwao Sackey, Chief Executive of Ga East Municipal Assembly, described the new shopping mall as a beautiful edifice, stating that the facility would boost business activities in the area and create employment for the youth.
“The new shopping mall will also help improve the revenue of the assembly, because companies and other businesses that will operate in and around the centre would be taxed by the local authority,” he said.
Edward B. Ashong Lartey, Director of Investor Services at the Ghana Investment Promotion Centre (GIPC), described the mall as an attractive state-of-the-art building which would offer a new shopping experience to residents of Achimota and its environs.
He said the project demonstrated the confidence foreign investors have in the Ghanaian economy and the investment policies being pursued by the government.
“If the investors do not have faith in the Ghanaian economy, they won’t have invested in the new shopping centre, after constructing the West Hill Malls,” he stressed.
Superintendent Theodore K.H. Hlormenu, District Commander of the Achimota Mile 7 Police, was optimistic that the construction of the facility would attract a lot of people to the mall, to boost business activities in the area, adding that, the police was ready to offer security for the facility.
By Kingsley Asare