Cabinet endorses credit agreements, treaties
Cabinet endorses credit agreements, treaties
Accra (Greater Accra), 28th January 2000
Cabinet has endorsed for Parliamentary approval agreements on three credit facilities totalling 62.8 million dollars to finance various projects and programmes.
They include 32 million dollars from the International Development Association (IDA) and the World Bank to partly finance the second phase of the Functional Literacy Programme from January 2000 to December 2004.
The Programme would cover some 200,000 learners per cycle of 21 months for five years with the target population aged between 15 and 45 years, focussing mostly on women and rural dwellers, Mr. John Mahama, Minister of Communications, said at a Post-Cabinet briefing in Accra on Thursday.
The second is a 20.9 million dollars Credit Agreement between Ghana and Agence Francaise de Development to finance the rehabilitation of selected arterial roads in the Sekondi-Takoradi and Tema areas.
It covers the 63-kilometre (km) Sekondi-Inchaban stretch of the Trans-West African Highway, the 48-km Adiembra road, the 2.4 km Tema-Ashiaman stretch that passes under the Motorway, Tema Manhean road, and the VALCO road linking the Akosombo road through the Industrial area.
The third agreement is a mixed credit facility of 9.9 million dollars between the government on one hand and the Institute De Credito, HSBC Bank Plc and Sucursal, all of Spain, to finance the Akwapim Ridge Water Supply Project.
A loan agreement between Ghana and the Austrian government for the turnkey construction of three 60-bed District Hospitals was also endorsed.
The hospitals are to be built in Sogakope in the Volta Region, Tarkwa in the Western Region and Gushiegu in the Northern Region at the cost of 250 million Austrian shillings each.
GRi