Medical University District

The Eastern Region of Ghana has no tertiary hospital. The nearest advanced care facility is hours away in Accra. For emergency care, complex surgery, or serious illness, people must travel or go without. Many do not survive the journey.

Ghana's Ministry of Health owns all six tertiary teaching hospitals in the country (Korle-Bu, Komfo Anokye, Tamale, Cape Coast, Ho, Sunyani). There are no privately-owned tertiary hospitals. This is national policy to ensure healthcare remains accessible through the National Health Insurance Scheme.

The government knows Eastern Region needs a hospital. A €70 million project was started but stalled when the contractor walked due to non-payment. The need remains urgent, but the government lacks capital to restart construction.

Our solution: We provide the hospital to Ghana with zero government borrowing and zero upfront capital. Ghana agrees to pay rent over 40 years—much easier to budget than finding capital now. They own the building forever. We finance construction, stabilize operations, sell the income stream, and exit.

Because Ghana's credit is stronger than a private tenant, and because we enhance the rent structure to account for currency and political risk, we create a spread through cap rate compression. That spread is profit.

→ For detailed technical information, see Hospital Component in the left-hand menu.

Webster University operated a campus in Ghana until COVID forced closure. They want to return, but with a stronger foundation.

This university serves as Ghana's national scientific infrastructure:

• Weather and climate data to World Meteorological Organization standards
• Agricultural information – crop mapping, soil data, irrigation systems
• Hydrological monitoring – flood warning, water management
• Health informatics – integrated with the teaching hospital

This isn't just education. It's baseline infrastructure like electrical, plumbing, sanitary systems. Farmers need to know when to plant. Cities need flood data. The government needs real information to plan instead of guessing.

Ghana currently lacks this meteorological and agricultural data backbone. The university provides it while also delivering Webster's academic programs in business, healthcare, and technology.

Same structure: Ghana owns the campus forever, pays rent, we finance and exit.

→ For detailed technical information, see University Component in the left-hand menu.

Ghana's national football team—the Black Stars—currently plays AFCON qualifiers outside Ghana because the Confederation of African Football (CAF) withdrew approval from Baba Yara Stadium. Ghana has only one conditionally-approved venue left.

There are zero covered stadiums in Ghana. Zero in all of West Africa.

A covered, FIFA-certified stadium would:

• Host international matches (CAF has nowhere else to send them)
• Attract major concert tours (climate-controlled, rain-proof)
• Support Ghana's 2038 World Cup aspirations
• Anchor an entertainment district with hotels, restaurants, retail

This is national infrastructure that generates pride and tourism revenue while solving an immediate crisis for Ghana Football Association.

→ For detailed technical information, see Stadium Component in the left-hand menu.

We borrow at 8% during construction when risk is high. Once the building is complete and a government tenant is paying rent, risk drops. Investors will accept 6% returns for that security, so they pay more for the same income stream.

Example – Hospital:

Borrow $154M at 8%	$12.3M annual payment
Ghana pays us rent	$12.3M/year
We sell at 6% cap rate	$12.3M ÷ 6% = $205M
Profit	$205M - $154M = $51M

Ghana's credit enhancement compresses the cap rate further, creating additional value. This spread between construction cost and sale price is where we make money on the exit.

Percentage Retainage: Beyond the exit profit, the facilities generate revenue from medical tourism, stadium events, and research contracts. We retain a percentage of that income over time. This residual profit roughly doubles the exit profit.