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Tourism · Heritage & culture
Greenfield
Elmina heritage hotel & cultural centre
Komenda-Edina-Eguafo-Abirem Municipal · Central Region · Ref. IOMP-2026-0001 · View district profile
Investment amount
USD 22 M
Structure
Equity / JV (60:40)
ROI
18%
IRR
15.9%
NPV
USD 5.2 M
Payback
6.5 years
Summary
120-key heritage hotel beside a UNESCO World Heritage site, with a cultural and conference centre.
Description and rationale
120-key heritage hotel beside a UNESCO World Heritage site, with a cultural and conference centre.
Location
4.2 ha beachfront site near Elmina Castle, 2.5 hours from Kotoka International Airport via the N1 highway, with grid power and piped water at the boundary.
Enterprise and project status
Project status: Investment-ready
Main objectives
Capture overnight stays from heritage and diaspora visitors to the Cape Coast–Elmina corridor
Create about 230 direct jobs, with at least 60% hired from KEEA Municipal
Anchor year-round conference and festival demand, including PANAFEST and Emancipation Day
Financial metrics
Investment amount (USD)
22,000,000
Investment amount (GHS)
330,000,000
Investment structure
Equity / JV (60:40)
Funding structure
40% equity · 60% debt
Return on investment
18%
Internal rate of return
15.9%
Net present value
USD 5.2 M
Payback period
6.5 years
Direct jobs
230
Projected revenue (year 1)
USD 6.8 M
Projected revenue (year 5)
USD 11.4 M
Map
GPS 5.1297° N, 1.4403° W · Komenda-Edina-Eguafo-Abirem Municipal
Project contact
Investment Promotion Desk Komenda-Edina-Eguafo-Abirem Municipal Assembly
[email protected]
Critical success factors
· Land secured through a 50-year lease from the Municipal Assembly
· Walking distance to Elmina Castle and the fishing harbour
· Eligible for tourism-sector incentives on imported equipment
· Growing diaspora travel through the Beyond the Return programme