Mr Ofosu Kwakye, Ghanaian Deputy Information Minister, has said that 157 road projects would be funded from the one billion dollars recently raised from the International Capital Market.
This is contained in an online statement from the Presidency obtained by the News Agency of Nigeria (NAN) on Monday.
The statement said Kwakye made this known while briefing the media on the government’s latest Eurobond.“Part of the money from the Eurobond would be used to build infrastructure in 46 districts while 284 million dollars will be used to fund roads and other projects captured in the 2013 budget.’’
The minister mentioned the Apam-Akam road in the central region and the Fian-Wahabu road in the Upper West region as some of the roads to be funded. According to the statement, others include the Goaso-Kukuom road and the Berekum town roads in the Brong Ahafo Region.
“The government plans to carry out the implementation of infrastructural projects such as clinics, schools and offices in all the new 46 districts.“This is intended to provide facilities for the inhabitants of the districts and also give such areas a facelift,’’ the statement said. The the latest bond is the second by the Ghanaian government within six years.
The government had in 2007 raised the sum of 750 million dollars with a coupon rate of 8.5 per cent and a maturity period of 10 years. The current bond of one billion dollars attracts a coupon rate of 7.88 per cent and a ten-year maturity period payable semi-annually.
