Signing ceremony of Kumasi roads and drainage extension project
In the presence of H. E. François Pujolas, the Ambassador of France to Ghana, Agence Française de Développement (AFD) signed the Credit Facility Agreement for the Kumasi Roads and Drainage Extension Project, with the Government of Ghana, on 28th June 2016. Vice-Minister of Finance, Hon. Mona Quartey in the name of Minister of Finance, Hon. Seth Terkper, represented the Government of Ghana during this ceremony, and Xavier Muron, AFD’s Deputy Resident Manager.
Under the Agreement, AFD is providing a concessional loan of 37.5 million Euros to complete the upgrading of major road and drainage infrastructure in Kumasi. It will finalize the works undertaken under two projects financed by AFD, that is the Kumasi By-pass Project (construction of the Oforikrom-Asokwa by-pass and Lake Road) and the Second Urban Environmental and Sanitation Project (UESP II). This is expected to reduce traffic jams, save time for the road users thereby contributing to the overall improvement in the development of the region.
Worthy of note is the storm drain component of the project which would tie in the 31-meter width channelized Aboabo Storm drain to the Lake Road culvert/bridge and extend the lined drain further downstream by 2 kilometres. All these are expected to reduce flooding with the resultant effect of increasing productivity and economic activity.
The commitment from the French Government is therefore highly welcome, since it will assist the Government of Ghana in meeting some of the identified infrastructure needs of the people of Kumasi.
In her speech on behalf of Hon. Seth Terkper, Hon. Mona Quartey assured H.E. the French Ambassador of Ghana’s unflinching commitment to the tenets of the bilateral cooperation between Ghana and France and H.E. John Dramani Mahama, the President of the Republic of Ghana’s efforts to pursuing prudent policies aimed at stabilizing the economy and also increasing the pace of the country’s transformation.
According to H.E. François Pujolas, France will continue to support Ghana in its efforts to provide a better standard of living to its citizens through development oriented projects such as the Kumasi Extension Project. He also urged all parties involved in the execution of the project to work to ensure that the project is completed on schedule.
He also recalled that beyond support through ODA projects and AFD, France and French expertise and business are ready to participate in PPPs projects that will help develop Ghana’s infrastructure and shape the smart and sustainable cities of tomorrow.