Architectural and structural drawings for what is planned to become Tema’s largest multifunctional event and recreation complex are complete, and the Tema Development Company (TDC) Ghana Limited is moving toward procurement, Managing Director Courage Makafui Nunekpeku has disclosed.
The facility, described by TDC as a one-stop hub for corporate, social, faith-based, and recreational use, will feature convertible event and office spaces, basketball and tennis courts, a children’s park, a gymnasium, a modern washing bay, and small commercial units bookable by the hour. Nunekpeku described the proposed complex as a highly flexible facility designed to meet the evolving needs of residents, businesses, corporate institutions, and faith-based organisations in Tema.
The project addresses a gap that TDC management says has persisted for decades in Ghana’s second-largest city. Tema, despite hosting the country’s main industrial port and a large resident and business population, currently lacks a modern dedicated venue capable of hosting large-scale corporate conferences, international events, and social ceremonies under one roof.
Nunekpeku confirmed that procurement processes will soon begin for the facility, which the company expects to be Tema’s biggest event centre. No construction timeline or project cost has been publicly disclosed, though the completion of both architectural and structural drawings signals the project has cleared its most time-intensive pre-construction phase.
The event centre is part of a broader strategic diversification at TDC that also encompasses short-term rental services modelled on Airbnb platforms, a 24-hour corporate call centre, courier and logistics operations, premium client services, and professional business centres. The company has entered the short-term rental market as part of efforts to optimise returns from selected properties, while simultaneously rolling out its first major development outside Tema in the Volta Region, a large-scale mixed-use project in Ho combining residential units with commercial spaces.
The commercial diversification is designed to generate internal liquidity to fund TDC’s primary social mandate: addressing Ghana’s housing deficit, now estimated at more than 1.8 million units. TDC posted gross profit of GH¢130.96 million for the 2024 financial year, a 33.67 percent increase from the previous year, and declared a GH¢3 million dividend to its sole shareholder, the Government of Ghana, at its fifth Annual General Meeting (AGM) in January 2026.
The State Interests and Governance Authority (SIGA) has separately indicated plans to explore a listing of TDC on the Ghana Stock Exchange (GSE) as a mechanism to raise long-term capital for the company’s expanding project pipeline. Preliminary discussions have taken place with the Managing Director of the Ghana Stock Exchange to determine the most viable path to market for TDC.
