Gov’t secures financing to fix water shortages in Tamale, Yendi and Damongo
Finance Minister Dr. Cassiel Ato Forson has announced a €323 million financing package for the Northern Ghana Water and Sanitation Project, aimed at addressing persistent 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). Dr. Forson in […]
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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