ATO FORSON UNVEILS €323M NORTHERN WATER PROJECT FINANCING PLAN
Finance Minister Dr Cassiel Ato Forson has announced a proposed €323 million financing package to address persistent water shortages and improve sanitation in three major towns in northern Ghana. The financing arrangement, comprising €98 million in grants and a €225 million highly concessional facility, is intended to support the Northern Ghana Water and Sanitation Project, […] The post ATO…
Finance Minister Dr Cassiel Ato Forson has unveiled a €323 million financing plan for the Northern Ghana Water and Sanitation Project, aimed at tackling water shortages and improving sanitation in Tamale, Yendi and Damongo. The financing package, announced in a meeting with EIB Vice-President Ambroise Fayolle, includes €98 million in grants from the European Commission and Invest International, along with a €225 million highly concessional facility from the EIB.
The grants make up approximately 30.3% of the total financing, while the EIB facility accounts for 69.7%. The project, though not yet finalized, would significantly enhance water and sanitation infrastructure in the beneficiary communities.
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