The Trade Fair land was acquired by Dr. Kwame Nkrumah by legislative instrument in 1960.
The Centre was set up as part of the Government's massive industrialization campaign after independence. It served as the primary trade hub for inter-African trade and also served as a conduit to the rest of the world. These were the underlying conditions, which led to the establishment of the Ghana International Trade Fair series.
The first International Trade Fair commenced under the Chairmanship of Air- vice Marshal M. A. Otu, the then Trade Fair Committee Chairman.
The objective of the First International Fair was to promote inter Africa trade and attract foreign international investors. Seventeen (17) foreign countries participated and seven (7) African nations attended in 1967.
The Trade Fair secretariat was later set up under the Ministry of Trade in 1965. In 1989 it became the Ghana Trade Fair Authority under PNDC Law 215. The center consequently was given a Limited Liability status in 1997 as the Ghana Trade Fair Company Ltd. with the government as the sole shareholder.