Public Management

Ghana to provide $1 bln to complete the implementation of interrupted road projects

Ghana to provide $1 bln to complete the implementation of interrupted road projects
Friday, 10 May 2019 17:42

Ghana will provide $1 billion for the implementation of the ongoing road projects, minister of roads and highway Kwasi Amoako-Attah (photo) indicated this week.

According to Graphic Online, part of the funds will be used to pay the government’s debt towards road contractors while the remaining will help relaunch interrupted road projects.  

Revenue collection will be improved via notably the privatization of toll gates, a project allocation. The government thus wants to improve the road network to advance the socio-economic development projects it initiated.

Ghana has decided to heavily invest in infrastructures to boost growth. The government announced the continuation of reforms initiated in the framework of a programme with the IMF (programme already exited) and multiplied loan projects to fund public expenses.

According to Amoako-Attah, the government has already paid about $4 billion of its debts towards road contractors.  

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
IFC to approve €95m loan for OCP phosphogypsum facility Project supports 22m-ton storage at Jorf Lasfar complex Financing aids...
Ecobank Côte d'Ivoire 2025 net profit rises 10.45% to 63.48bn CFA Board proposes higher dividend; payout totals 48.9bn CFA francs Shares surge 64%...
Nigerian lender to open its first Francophone subsidiary on April 29 Move marks expansion into WAEMU’s largest banking market Entry comes as...
CEMAC non-performing loans fall to 16.0% in 2025, BEAC says Lending rises 10.7% despite tighter liquidity and higher borrowing costs Growth,...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
04

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.