Ghana seeks investment for railway, inland port project


Ghana is seeking partners to raise more than 2 billion U.S. dollars needed to construct an eastern rail line from the eastern port of Tema and an inland port facility at Boankra near Kumasi, investors were told here on Wednesday.

During a Market Sounding (Road Show) event here, Minister for Finance Kenneth Ofori-Atta said Ghana was fully committed to a Public Private Partnership (PPP) arrangement for investment into the project and other such infrastructure projects to help fill the country’s wide infrastructure gap.

The eastern rail line is designed to link the Tema port with the proposed inland port in Kumasi in order to enhance port handling and decongest the sea port, while enhancing trading activities in the Kumasi hub as well as the freight of transit cargo to neighboring Burkina Faso, Mali and Niger among others.

“It is quite clear to us that given the nation’s saving rate of 17 percent, to actually grow at the rate that we expect to grow to get to ‘Ghana-Beyond Aid,’ we need to cascade foreign capital to be able to fill this gap. Ghana and the Government are fully committed to this PPP as an intervention to fill this infrastructure gap that we have,” the minister said.

He assured investors of the government’s full commitment to these projects and others for which it will create the appropriate environment for the private sector to invest in them. Enditem


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