Bloomberg News

Ghana’s Kpong Water Project Ready by 2014 With China Exim Funds

November 29, 2012

A $273-million expansion of Ghana’s Kpong water-treatment plant will be ready by 2014 with funding from the government and the Export-Import Bank of China, Water Resources, Works and Housing Minister Enoch Teye Mensah said.

The project, which is 40 percent complete, will increase supplies to the capital, Accra, and its suburbs by 40 million gallons a day, he told reporters in the city today.

Ghana, which has West Africa’s second-biggest economy, is investing in infrastructure with loans from China and other donors to meet the pace of its growth, forecast at 8.2 percent this year and 7.8 percent in 2013, according to the International Monetary Fund.

In Teshie, a town near Accra, a $110 million project to treat sea water will “serve an estimated population of 500,000 people,” Mensah said. The project has been approved and will take two years, he said.

To contact the reporter on this story: Emily Bowers in Accra at ebowers1@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus