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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

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    Government partners private companies to mine abandoned iron ore in Oti Region

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    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Govt secures funds for Pokuase Interchange

bycitibusinessnews
November 17, 2016
in Government, Local Economy, Top Stories, Transport
A design of the Pokuase Interchange

A design of the Pokuase Interchange

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Government has signed a loan agreement with the African Development Bank to provide 83 million dollars  for the construction of the Pokuase Interchange as government provides 11 million dollars.

The  94 million dollar project is scheduled to commence  in the first quarter of next year and will be completed after 36 months.

Speaking in Accra after signing the agreement, Finance Minister Seth Terkper  stated that the project includes several social amenities such as schools,hospitals and library hence the  amount quoted.

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According to him, this is the first time the African Development Bank is experiencing funding such road projects that involve the construction of schools, hospitals, markets and recreational centers in addition.

“This is the first for the African Development Bank to be experimented in Ghana and they say they are going to take the model eslsewhere. Often we quote just the amount and we think its  just the road,” he said.

He explained that, adding important amenities to the road projects will make the communities that are close to the road feel part and own it.

Meanwhile, Mr. Terkper also signed a separate loan agreement with the German government to provide 40.82 million Euros to finance renewable energy projects and strengthen financial management capacities of the Ghana Revenue Authority and the Ghana Audit service.

dav

–

By:Lawrence Segbefia/citibusinessnews.com/Ghana

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