Tag: Road Construction
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Road construction: Lower cost by refining bitumen-rich crude in Ghana – GOIL Executive
The Head of Technical Services at oil marketing company, GOIL, Alphonso Okai Jnr, has blamed the high cost of bitumen used for road projects on the kind of crude imported into the country. According to him, Ghana lacks the facilities needed to refine crude into bitumen, hence the high cost of the product. “What happens…
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Ghana, Kuwait sign loan agreement for rehabilitation of Dome-Kitase Road
Ghana and the Kuwait Fund for Arab Economic Development have signed a seven million Kuwaiti Dinars (an equivalent of about $23.8 million) loan agreement to finance the rehabilitation of Dome-Kitase Road Project. Mr. Ken Ofori-Atta, the Minister of Finance initialed for Ghana, while Mr. Nedhal Alolayan, Deputy Director-General of the Kuwait Fund for Arab Economic…
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Gov’t releases GHS43.1 million for GIMPA, Teshie, other roads
The Finance Ministry has given approval for the release of more than GHS43 million to various contractors working on selected roads in Accra, Volta and Eastern regions. A memo written to Controller and Accountant General by the Finance Ministry and signed by the Minister said the release of the funds will go a long way…
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Finance Ministry approves GHS1.5 billion for 14 road projects
Minister of Finance, Ken Ofori-Atta, on Friday 28 June conditionally approved a multi-year funding commitment of more than GH¢1.56 billion for the commencement of 14 road projects over the medium term. The move to approve the projects will see reconstruction, rehabilitation and upgrading of some selected road networks spanning 381.3 kilometres across Ashanti, Brong Ahafo,…