ADVERTISEMENT
Japan grants $58.4m loan to Ghana
According to the grant agreement signed between Tokyo and Accra, $56.6 million will be invested in road projects such as the Tema Motorway roundabout project, rehabilitation of the Yamoransa-Assin Fosu road, rehabilitation of the 31.2km Assin Fosu – Asssin Praso road section, reconstruction of drainage facilities along the same stretch and installation of a toll booth at the south of Assin Praso township.
___6466105___https:______static.pulse.com.gh___webservice___escenic___binary___6466105___2017___4___2___19___OFORI-ATTA-KEN
The remaining $1.8 million will be invested in the health sector and in poverty reduction.
The agreement was signed on behalf of Ghana by the Foreign Minister Shirley Ayorkor Botchwey.
ADVERTISEMENT
Mrs Botchwey hailed Japan's financial and material support to Ghana.
She said: “The government and the people of Ghana sincerely appreciate the considerable financial and material support extended by Japan to Ghana over the years in our quest for economic growth and development.
"In addition to the Eastern corridor bridge project, Japan has extended grant aid and concessionary Yen loans amounting to millions of funds to support the government of Ghana in areas such as food security for underprivileged farmers.
"Fisheries promotion in Sekondi, promotion of CHPSS compounds and poverty reduction project."
She added: “Tonight, we have witnessed the signing of grant aid for two very important projects.
ADVERTISEMENT
"Mainly the project for the improvement of Ghanaian international corridors which forms part of the West Africa growth wing project, and the programme for poverty reduction strategy, health sector worth 6 billion, 259 million Japanese Yen and 200 million Japanese Yen respectively.
"These are all meant to promote economic and social development in Ghana.”
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
Victoria Hamah explains NDC's controversial 24-hour economy
Mahama vows to reopen investigation into Cecilia Dapaah scandal
NPP commends IGP, Police for peaceful Ejisu by-election
Man spends 5 days trapped on a tree to escape flood disaster
Tensions erupt at May Day event as ECG workers walkout on Ashanti Regional Minister
God can use me to do something great for Ghana – Bawumia
The A-G is rather protecting state looters - Dr. Amoako Baah alleges
OSP’s request for money laundering probe against Cecilia Dapaah baseless – AG to EOCO