Government secures €323M to resolve water shortages in Tamale, Yendi, and Damongo
The government has secured a €323 million financing package, including EIB loans and EU grants, to solve chronic water shortages in Tamale, Yendi, and Damongo.
The Finance Minister of Ghana, Dr. Cassiel Ato Forson, has announced a €323 million package to tackle water shortages in Tamale, Yendi, and Damongo. This financing package consists of €98 million in grants and a €225 million highly concessional facility provided by the European Investment Bank (EIB). Dr. Forson detailed these funds following a productive meeting with EIB Vice-President Ambroise Fayolle.
The European Commission will contribute a €68 million grant, and Invest International, a Dutch government initiative, will add a €30 million grant. The remaining €225 million will be provided by the EIB. Dr. Forson highlighted that the project aims to resolve recurring water shortages and enhance sanitation in the three affected communities.
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