The six-storey building would serve as a business hub in the Akuapim Ridge, according to a GNA report.
It would provide space for banks, telecommunication companies and other commercial enterprises.
An initiative of the chiefs and people of Mamfe, it is expected to be ready within 18 months.
Nana Sasraku who is also Kyidomhene of the Akuapem Traditional Area, explained that it was part of the drive to boost the local economy and give jobs to the people, especially the youth.
He said the indigenes of Mamfe were determined in their bid to make optimal use of the town’s strategic location on the Accra-Koforidua-Tema road corridor and position it as a destination of choice for business operators.
“That is the way forward to create wealth and transform the lives of people in the Akuapim area,” he said.
Nana Asiedu Okoo Ababio, chief of Larteh, applauded the Mamfehene for his foresight and indicated that the centre was going to open up the entire Akuapim area.
He called for strong support and cooperation of the people towards its smooth implementation.