Monday , July 13 2020
Breaking News
Home / Ministries / Government signs $24 million loan agreement to rehabilitate Dome-Kitase road

Government signs $24 million loan agreement to rehabilitate Dome-Kitase road

The Kuwait Fund for Arab Development has since 1977 supported Ghana with concessional facilities to undertake various projects.

The loan for the rehabilitation of the Dome-Kitase road is the 11th loan extended by the Kuwait Fund to Ghana.

The Minister of Finance, Ken Ofori-Atta said the Dome-Kitase road project is in line with government’s agenda to accelerate road infrastructure development, especially critical road sections across the country.

The Minister of Roads and Highways, Kwasi Amoako-Atta outlined the various sections and designs of the road.

The Deputy Director-General of the Kuwait Fund for Arab Development, Nedhal Alolayan said Kuwait is committed to strengthening its economic relations with Ghana.

The loan has a maturity period of 28 years and interest rate of 1.5% per annum.

SOURCE, gbcghanaonline.com

About ghanapolitics

Check Also

You kept quiet when your “candidate” was playing COVID-19 politics but now calling for ceasefire after equal response? – Oppong Nkrumah to Bawumia critics

Information Minister Kojo Oppong Nkrumah has advised persons calling for a depoliticisation of Ghana’s COVID-19 …

Leave a Reply

Your email address will not be published. Required fields are marked *

RSS
Follow by Email
Facebook
Facebook
YouTube