Japanese funding for road upgrade in Ghana

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.

Ghana is giving official approval for a new budget to help develop the country’s road network. The plans call for US$313.5 million to be spend on carrying out 14 major road projects. In all, 381km of roads will be improved. The work will be carried out in Ghana’s Ashanti Region, Brong-Ahafo Region, Eastern Region and Northern Region.

Important road contracts in Ghana have been awarded.

Financing has been secured to help pay for rebuilding of the Dome to Kitase road in Ghana’s capital Accra. A US$24 million loan from the Kuwait Fund for Arab Economic Development (KFAED) will pay for the work. Upgrading the route will help improve transport on the northern side of Accra and develop the local economy.

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.