The Ghana Smart Cities project has been designed to provide affordable nationwide WiFi which will also allow for future technological upgrades and digitization efforts of the city
This project will create more than 10,000 jobs for Ghanaians, Celltel Networks’ founder and executive chairman, Dr. Prince Kofi Kludjeson, said. The project will begin in the second quarter of 2021.
Dr. Prince Kofi Kludjeson said the project had attracted interest from many international technology companies that are willing to invest in the project, which will help to provide further employment opportunities for people.
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According to him, the US$ 500 million projects aimed at improving the Ghanaian economy will provide job opportunities through partners across the country in different districts.
The company has also signed a Memorandum of Understanding (MoU) with Ed & Co Capital Limited, a local finance company, as Financial Advisors.
Ed & Co would organize and maintain the relationship between different institutions and the banks to support the subscriptions on behalf of the clients.
Celltel Networks, Roberta Annan Consulting (RAC) and the Chinese government’s international cooperation company (CEIEC) have signed a memorandum of understanding (MoU) to collaborate in the execution of the Ghana Smart Cities project under the brand name ArisCel.
Under the MoU, a Ghanaian company, Celltel Networks, is the concept developer, RAC is onboard as transaction advisors for CEIEC, while CEIEC joins a consortium of expert companies to deliver on the project.