Ghana and Japan signal two grants agreements value US$36.50 million
Ghana and Japan, have signed a $36.50 million grant settlement for Tema-Motorway Roundabout Part II building undertaking and extra funding for the rehabilitation of the Nationwide Truck Highway N8 (Assin Foso-Assin Praso Part) Part II.
Mr Ken Ofori-Atta, Finance Minister, signed for Ghana, whereas Mr Araki Yasumichi, Chief Consultant, Japan Worldwide Cooperation Company (JICA), Ghana Workplace, signed for his nation.
The grant consists of $33.20 million for the development of Part II of the Tema-Motorway Roundabout Mission, which entails the development of a flyover linking the Tema-Harbour Highway to the Akosombo Highway.
A further help of $3.30 million is being offered to top-up the funding quantity for the rehabilitation of Nationwide Truck Highway N8 Part II.
This brings the entire quantity for the N8 undertaking to roughly $60.38 million.
The grant will make a big contribution to Ghana’s transportation sector, particularly given the rise in vehicular visitors, mixed with a quickly rising city inhabitants.
The 2 initiatives would facilitate commerce and transit within the West Africa sub-region, enhance security alongside the corridors and increase commerce within the native economic system.
Mr Ofori-Atta on behalf of the Folks and Authorities of Ghana expressed gratitude to the Authorities and Folks of Japan for his or her form gesture.
He additionally thanked them for his or her considerable contributions to Ghana’s growth efforts over years.
As well as, the Minister expressed his heartfelt appreciation to Japan for its COVID-19 help to Ghana.
Mr Ofori-Atta famous that the COVID-19 pandemic had had a debilitating impression on Ghana and lots of different locations.
He mentioned Ghana like most international locations had actually been hit by the COVID-19 pandemic and its attendant financial and social impression, nonetheless, at the same time as there was a contraction within the area of about three per cent, “the Authorities managed to get a optimistic economic system. development of about 0.4 per cent because of the robust economic system that we have now constructed within the first 4 years of the administration.”
He mentioned Ghana was one of many six-top international locations as regards to their response to the COVID challenge; and that about 10 per cent of Ghana’s inhabitants had had one or two doses of the COVID-19 vaccine.
He mentioned the Authorities would proceed to aggressively pursue the COVID-19 vaccination programme.
On his half, Mr Araki mentioned the Tema-Motorway Roundabout Part II Mission would additional enhance the perform of the interchange.
He mentioned the undertaking would positively contribute to the operation of the Tema Harbour immediately and facilitate commerce between Ghana and her neighbours akin to Togo, Burkina Faso and the Ivory Coast.
He mentioned the extra grant quantity for the rehabilitation of the N8 (Part II), which was presently ongoing, had turn out to be essential to bridge the prices incurred from the adversarial impact of the COVID-19 pandemic, which resulted within the temporal suspension of building work.
He reiterated that JICA would proceed to work in shut collaboration with the Ministry of Roads and Highways, the Ghana Freeway Authority and stakeholders to make sure that the 2 initiatives have been efficiently carried out.
Mr Araki mentioned JICA had been using Japanese technological capability to the utmost extent to contribute to the financial and social growth in Ghana.
“Japanese cooperation has contributed to offering over 760 kilometres of nationwide trunk roads, a quantity bridges previously.”
Mr Kwasi Amoako Attah, Minister of Roads and Highways, in a speech learn on his behalf, urged the Ministry Finance, JICA and the Ghana Freeway Authority to make sure that the focal individuals for the 2 initiatives have been effectively resourced to undertake their assignments, saying, “Let’s make sure that no bottleneck was positioned in the best way of undertaking implementation”.