Assembly paves way for investment in the municipality


A total of 155 lockable stores have been constructed at the Akyem Oda main lorry park under a Private Public Partnership (PPP) Build Operate and Transfer (BOT) agreement.

Mr Alexander Tetteh, the Birim Central Municipal Development Planning Officer, disclosed this to the GNA Media Auditing and Development Tracking team at Akyem Oda.

?The idea is to create opportunities for investors to come and invest in the municipality,? he indicated.

?We also want to position the Assembly as an investor friendly one,? he noted.

Mr Tetteh said the Assembly gave the parcel of land to the investors to build the stores and operate them for 25 years and after that hand them over to the Assembly.

?The Assembly is to get 10 percent of whatever rent is paid by the investor?, he said.

Mr Tetteh noted that the project had helped the Assembly to mobilize funds to be used for other projects.

He commended Ms Ophelia Koomson, the immediate past Municipal Chief Executive (MCE), for her hard work which enabled the Assembly to qualify for the Functional Organizational Assessment Tool (FOAT) for the past four years.

?This has helped the Assembly to get funds from the District Development Fund (DDF) and the Urban Development Grant (UDG) to accelerate the pace of development in the area?, he said.

Mr Tetteh noted that since January to date, the Assembly is yet to receive the District Assembly Common Fund (DACF) and said, but for the DDF and the UDG, nothing would be happening in the municipality.

The GNA, STAR-Ghana Media Auditing and Tracking of Development projects, is an initiative launched to promote social accountability, participatory democracy, transparency and good governance.


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