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investment and business potential

Agricultural production is mainly undertaken for home consumption in the metropolis, despite the huge demand for food by the large and relatively affluent urban populace. Therefore, modern agricultural activity on a large scale would find a ready large urban market demand for food produce.

The existing cultivation of exotic vegetables, such as cabbage, lettuce and carrots, which is still done on a limited scale, could be expanded into medium scale “market gardening” to serve the foreign population and the urban elite.Industrial activity is well developed in the Kumasi metropolis, but there are plenty of opportunities yet not fully tapped.

Sand and stone winning at the periphery of the metropolis serves as a major source of building materials for housing development, as well as road construction. Importantly, there are several quarrying industries in the neighbouring Kwabre District.There exists great potential for the development of functional linkages between the formal and informal sector industries, especially in the wood-based sector.

An already existing large urban population serves as a source of ready market for industrial and consumer products, especially those in the informal and home-based sector. Another opportunity derives from the development of industrial estates for artisans and this has been most successful, with vehicle mechanics at the now renowned Suame Magazine, which is a clear example of how well this concept can work in the Kumasi metropolis.

The currently under-utilised sub-urban centres also offer investment opportunities for those willing to provide facilities for shopping and commuting, both of which would decongest the central area of Kumasi. With improvements in the road networks private participation in the expansion and improvement of freight and passenger transport services can be enhanced.

Private participation would also be important in the commercialisation of parking lots within the Central Business District of the metropolis. There is an increasing demand for information in the Kumasi metropolis, for both personal and business purposes of local, national and international dimensions. There is also high and increasing demand for telephone services and lots of opportunities for private sector participation in the telecommunication business.

Natural reserves in the metropolis can be developed into ornamental parks, economic horticultural centres and recreational resorts.The widely discussed Race Course can be re-developed into a modern sports complex to offer recreational facilities for the urban population and housing estates can be developed to meet the rising demand for housing in the metropolis.



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