Ghana road project financing secured

A finance package worth US$63.4 million has been secured for upgrade work to the ring road around Ghana’s second city, Kumasi. This financing will help to pay for the first stage of the ring road improvement project, for a 100km stretch of the route. Funding for the second stage of the project, measuring 143km, has yet to be secured however.
June 19, 2019 Read time: 1 min

A finance package worth US$63.4 million has been secured for upgrade work to the ring road around Ghana’s second city, Kumasi. This financing will help to pay for the first stage of the ring road improvement project, for a 100km stretch of the route. Funding for the second stage of the project, measuring 143km, has yet to be secured however.

Finance & Funding

Related Content

  • Ghana-China road deal settled
    January 28, 2019
    The agreement between Ghana and China over a road construction project has been settled. The deal will see Ghana effectively trading bauxite from a mining operation with a Chinese firm, which will build road links in the West African nation. The deal is called the Sinohydro Bauxite Barter Arrangement and has been set up with Ghana’s Government. Ghana will supply the firm with around 5% of its refined bauxite production under the agreement. Construction work is commencing on the first stage of the project,
    Read More
  • Cambodia road reconstruction projects, financing secured
    March 28, 2018
    Financing has been secured for key road reconstruction projects in Cambodia. Work is being carried out on six road projects in the country that measure a total of 600km, as well as a bridge, with this all costing some US$490 million. A loan of $94 million will help pay for the rebuilding of Cambodia’s National Road No 11 as well as a stretch of bypass. In all 96.5km of road will be rebuilt for this project, with the work intended to improve transport connections between Thbong Khmum Province and Prey Veng P
    Read More
  • Japanese funding for road upgrade in Ghana
    December 19, 2018
    A funding package from Japan will help pay for road upgrade work in Ghana. The US$57 million finance package will be used to pay for works in Ghana’s Ashanti Region and in the Central Region. In the Ashanti Region work will be carried out on the Bekwai-Anhwia Nkwanta-Kumasi road links, boosting connectivity for the country’s copper mining sector. Meanwhile in the Central Region, work will be carried out on the N8 route from Yamoransa to Assin Praso, helping to develop the local economy.
    Read More
  • Funding is being provided to help pay for a key road project in Ghana
    July 5, 2019
    A finance package from the African Development Fund (ADF) will help pay for works on a key road project in Ghana. The US$81.7 million loan will provide con-financing for work on Ghana’s Eastern Corridor project. Measuring 695km in all, the upgraded link will follow the course of the existing N2 route and will provide a better connection from Ghana’s capital, Accra, to the north of the country. Work is due to commence on the 54km stretch of the Eastern Corridor between Jasikan and Dod Pepesu.
    Read More

Highlighted Content