New roads to boost Ghana industry

Ghana in West Africa continues to see its economy develop, due to a combination of factors, allowing more investment for roads that will further aid future growth. The Ghanaian Government has plans to invest in building new roads that will connect cocoa growing communities. This programme is being planned by the Ghana Cocoa Board (Cocobod), with some US$150 million intended for road revamping and construction purposes. The work will help with transportation of cocoa beans and aid in the development of the c
December 16, 2014 Read time: 1 min
Ghana in West Africa continues to see its economy develop, due to a combination of factors, allowing more investment for roads that will further aid future growth. The Ghanaian Government has plans to invest in building new roads that will connect cocoa growing communities. This programme is being planned by the Ghana Cocoa Board (Cocobod), with some US$150 million intended for road revamping and construction purposes. The work will help with transportation of cocoa beans and aid in the development of the country's cocoa industry. Ghana has benefited strongly from its mining industry in recent years, with many new roads and highways connecting to the large surface operations. However this new strategy will help diversify the economy and reduce the reliance on a single industry, providing a stronger economic future.
Road Structures

Related Content

  • Financing secured for new West African highway route
    May 17, 2022
    Financing has been secured for a new West African highway route.
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More
  • India plans major infrastucture investment
    February 10, 2012
    India says it turned its Commonwealth Games into a world-class success, and now it aims to do the same with its infrastructure. Patrick Smith reports. On October, 2010 India put itself on the world stage, and disaster appeared to loom as a catalogue of problems dogged its biggest ever sporting event. Costing nearly US$2 billion to stage, the most expensive Commonwealth Games ever were, according to some, in doubt.
    Read More

Highlighted Content