 Ghana to build a multi-billion Wakanda City of Return, an ultra-modern smart city in Cape Coast. Although insufficient electricity supply held down Ghana's growth by 0.5 percentage points in the 2000s, infrastructure contributed slightly more than 1 percentage point to the country's better per capita growth. Raising the country's infrastructure endowment to that of the region's middle income countries might boost annual growth by almost 2.7 percentage points. Ghana presently has a relatively established infrastructural basis when compared to other African low-income countries. When the country approaches the middle income threshold, however, it will have to focus on upgrading infrastructure metrics in order to meet this requirement. The African Diaspora Development Institute, a DDI and two local businesses have signed a memorandum of understanding to pave the way for the Wakanda Metropolis of Return, a futuristic smart city. By utilizing Ghana's legacy and cultural tourist value, the partners seek to create a destination of pilgrimage for individuals of African origin to learn about their history, culture, African civilization, and role in the establishment of the new world economy. The project is a private sector-led initiative to revitalize Cape Coast's waterfront and new areas by offering a historic experience with five-star hotels, a retreat and wellness resort, conference facilities, and added ultramodern continental corporate offices. The two local companies involved in the joint venture with the African Diaspora Development Investment are Pelicape Limited and Adepta Africa Investments. As a result of the project, around 3,000 jobs are expected to be created in Cape Coast. The organizers argue that the project's timing is appropriate because the government's year of return and beyond the return initiatives are still benefiting the country. Thank you for visiting us to learn more about the Wakanda City of Return's construction in Ghana. Stay tuned as we learn more about the initiative and how it will impact Ganyans. Please join us on our journey by subscribing to Africa Reloaded, the idea behind the creation of the city. The city, whose name is based on the technologically advanced mythical African location, featured in Black Panther, wants to serve as a pilgrimage for African Americans to learn about their history, culture, and Africa's role in the creation of the modern global economy. The city project is broken down into five sections. When completed, the city will include a 1,000 bed teaching hospital, a university and technical college, five-star hotels and resorts, a pharmaceutical manufacturing plant, parks and green space, a shopping center, self-driving electric car highways, and more. In a statement, the city's project team said, The African diaspora is committed to altering the African narrative. We are certain that a unified African diaspora can provide the necessary capacity to help Africa reclaim its rightful place on the global stage. Benefits of the Wakanda City of Return project Along the Cape Coast shoreline, the Wakanda City of Return will see the construction of five-star hotels, a heritage promenade, a retreat and health resort, conference facilities, and the African diaspora development institute's Continental Corporate Offices. Approximately 3,000 jobs will be created as a result of the project in Cape Coast. Contributions towards the construction of the Wakanda City of Return During the launch, Asabara Makwesiatav II, the Paramount Chief of Cape Coast and the Events Chairman, addressed the crowd, applauding the assemblies and its partners' effort and pledged his commitment to guaranteeing the project's success. He believes the project, which will be built along Cape Coast's coasts, will help to transform the unfavorable perception of Cape Coast and Ghana as a whole in terms of development. He continued by saying that the ultra-modern city should be able to show the rest of the world that Ghana is not only rich in tourism potential, but also in mental strength to achieve great things. The Vice Chancellor of the Cape Coast Technical University, Reverend Prof Joshua Danso Ulususekir, also pledged the university's readiness to work with the investors to make the project a success, stating that the project will not only increase the area's tourism potential but will also attract more investors. Dr. Kojo Taylor, Chairman of the Wakanda City of Return and a partner of Sanford Clinics in Ghana, said the partners are on pace to raise the funds needed to build the city. As a result, he dismissed fears that the project would fall into the category of unfulfilled promises. I've worked on a few initiatives, including the Sanford Clinics, and I'm convinced that raising cash for this one will be straightforward. On a monthly or quarterly basis, we will offer public updates so that people are aware of our work, he continued. Honorable Ernest Arthur, the Mayor of Cape Coast, was lauded by her Excellency Ambassador Irekana Chihamburi Kwao, the President of a DDI and a former African Union Representative to the United States, for his dedication to see this project through. She indicated that she is prepared to acquire finances as quickly as possible so that construction may begin. Nonna Abokizampa won, CEO of Adepta Africa Investments and a Pagia Hen of Asebu Traditional Area, underlined the significance of working together as a people to achieve this lofty goal. He feels that the people of Cape Coast must unite to assist him achieve his goals. The Ghanian government has agreed to a good project that is critical to the country's progress. The ultra-modern smart city will be able to bring Ghana to the pinnacle of growth once it is completed. Thank you for taking the time to watch Africa Reloaded. I hope you enjoyed it, and if you did, please subscribe to our channel for more Ghana-related videos.