The Korle-Klottey Municipal Assembly (KoKMA) has launched a Business and Investment Guide and a Voluntary Local Review Report to attract investment and promote sustainable urban development.
The publications are expected to strengthen investment promotion and support monitoring of progress towards the Sustainable Development Goals (SDGs) within the municipality.
Mrs Linda Obenewaa Akweley Ocloo, Greater Accra Regional Minister, launched the documents in Accra and described the initiative as timely and strategic.
The Voluntary Local Review (VLR) Report 2025 is intended to support the municipality’s assessment of progress towards the SDGs, while the Business and Investment Guide provides prospective investors with information on opportunities and strategic sectors within Korle-Klottey.
Mrs Ocloo said the municipality occupied a strategic position within Ghana’s economy due to its concentration of financial institutions, diplomatic missions, hospitality establishments and commercial enterprises.
She noted that although Korle-Klottey possessed significant economic potential, investor confidence depended largely on the quality of infrastructure, urban management systems and environmental conditions.
The Regional Minister called for intensified efforts to address challenges such as poor sanitation, flooding, traffic congestion and environmental degradation.
“Sustainable investment thrives in environments that are safe, well-planned and resilient,” she said, while reaffirming Government’s commitment to supporting local authorities in attracting investment and promoting development.
Dr Zanetor Agyeman-Rawlings, Member of Parliament for Klottey Korle Constituency, welcomed the initiative and stressed the need for development to remain inclusive and people-centred.
She said the success of investment should be measured not only by physical infrastructure but also by improvements in the welfare of residents.
“The true test of development is whether young people can find meaningful employment, traders can grow their businesses and families can access quality healthcare and education,” she said.
Dr Agyeman-Rawlings noted that the investment guide would help attract investments that promote innovation, job creation, local enterprise development, environmental sustainability and climate resilience.
She urged developers and investors to utilise the guide in ways that ensure local communities, traders and small businesses benefit from development projects.
Dr Gameli K. Hoedoafia, Executive Secretary of the Inter-Ministerial Coordinating Committee on Decentralisation, said Ghana’s decentralisation policy required Metropolitan, Municipal and District Assemblies to move beyond traditional administrative functions and become active drivers of local economic development.
He said Assemblies must transform local assets and opportunities into structured, investable projects capable of generating sustainable economic outcomes.
Dr Hoedoafia noted that the policy emphasised improved internally generated revenue mobilisation, digital governance, stronger public-private partnerships and resilient local economies.
Mr Alfred Allotey-Gaisie, Municipal Chief Executive for Korle-Klottey, said the Business and Investment Guide formed part of the Assembly’s strategy to market the municipality’s economic strengths and investment opportunities.
He said Korle-Klottey hosts the country’s central business district, major financial institutions, diplomatic missions and the Secretariat of the African Continental Free Trade Area (AfCFTA).
Mr Allotey-Gaisie said the Assembly was working towards building a world-class municipality supported by reliable infrastructure, improved service delivery and a business-friendly environment.
He said that reforms in revenue mobilisation and digital governance had enhanced the Assembly’s capacity to implement development projects and support economic growth.
Source: GNA
