Skip to main content

Accra-Tema Motorway expansion project to begin next year — Finance Minister

 


Work on the Accra-Tema Motorway Expansion project is expected to start early next year, the Minister of Finance, Ken Ofori-Atta has said.

This follows the decision of the government to procure the 27.7 kilometres project through the Ghana Infrastructure Investment Fund (GIIF) under a public, private partnership (PPP) arrangement.

Presenting the 2023 Budget and Economic Policy of the Government to Parliament on November 24, Ofori-Atta said a PPP concession agreement backed by an appropriate toll arrangement would be presented to Parliament for approval to facilitate its execution.

He said provision had also been made in the 2023 and the Medium-Term Budget for the Equity and Viability Gap Funding required by a GIIF Special Purpose Vehicle (SPV) to enable the project to start in earnest in 2023.

He noted that the project would be delivered in phases.

When completed, he said the project would be five lanes each on both sides of the main Accra-Tema Motorway stretch and six lanes each on the Tetteh Quarshie-Apenkwa stretch of the road.

It will also include the remodelling of Tetteh Quarshie Interchange, the reconstruction of the Apenkwa Interchange and the construction of new interchanges at the Fiesta Royale crossroads and Neoplan area.

Expanding infrastructure

He said in fulfilment of the government’s commitment to improving road infrastructure, the Ministry of Roads and Highways continued its Nationwide Road and Bridge Construction Programme such that works on the La Beach Road Project and the construction of a 3-tier interchange at Nungua Barrier were progressing steadily.

He said works on the interchange currently stood at 62 per cent while construction of the Kumasi Lake Roads and the Drainage Extension project was 97 per cent complete.

Ofori-Atta said ongoing work on the 17.85 km Ofankor Nsawam dual carriage road is scheduled to be completed in May 2024.

Dualisation on the Tema-Aflao and the Tema-Akosombo roads has commenced. Works are ongoing on the rehabilitation of the Assin Fosu-Assin Praso road, including the dualisation of 1.2km of the Assin Fosu township roads into a 4-lane carriageway, which stands at 53 per cent.

“Additionally, works on the reconstruction of the Bechem – Techimantia – Akomadan and Agona Nkwanta – Tarkwa roads are at 21 percent and 7 percent completion, respectively,” he said.

He said works on Phase II of the Obetsebi Lamptey Circle Interchange and ancillary work was at 71 per cent completion, adding that “construction of the Flyover over the Accra Tema Motorway from the Flower Pot roundabout is 56 per cent complete”.

To improve connectivity within areas cut off by waterways, the minister said work on the construction of 50No. prefabricated bridges continued in 2022.

Progress of the new bridge being constructed over River Pra to separate vehicular traffic from the rail along the Twifo Praso-Dunkwa road is at 87 per cent completion,” he added.

Completed roads

He mentioned the upgrading of the Golokwati-Wli Road; Nsuta – Beposo, Lot 3; rehabilitation of Nkonya Wrumpong - Kwamikrom; partial Reconstruction of Bawjiase - Adeiso; and resealing of the Tamale-Salaga Road – Lot as completed projects under the Critical Regional and Inter-Regional Road Projects initiated in 2019.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...