Government secures financing to fix water shortages in Tamale, Yendi and Damongo
The package comprises €98 million in grants and a €225 million highly concessional facility from the European Investment Bank (EIB).
Government officials have secured €323 million in financing to address water shortages in Tamale, Yendi, and Damongo. The Finance Minister, Dr. Cassiel Ato Forson, announced the €98 million in grants and €225 million highly concessional facility from the European Investment Bank. The European Commission will contribute €68 million, while Invest International and the Dutch government will provide €30 million each.
Dr. Forson described the meeting with EIB Vice-President Ambroise Fayolle as productive, highlighting the positive outcome of their discussions. The project aims to alleviate recurring water shortages and improve sanitation in the three communities.
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