The Minister for Finance, Dr. Cassiel Ato Forson, has taken a major step toward accelerating Ghana’s infrastructure and industrial development by signing a US$12.83 million grant agreement with the African Development Bank (AfDB) under the Government’s Big Push Programme.
The agreement was signed with the AfDB’s outgoing Country Manager in Ghana, Eyerusalem Fasika, and is expected to lay the technical groundwork for several transformative national projects.
Here are four major things this funding will do to drive Ghana’s development agenda:
1. Unlock a Major Interchange to Ease Accra’s Traffic Nightmare
Part of the grant will finance detailed feasibility studies, full designs, costings, and environmental and social impact assessments for a proposed interchange at the 37 Military Hospital.
The project is aimed at significantly reducing traffic congestion in key parts of the capital.
2. Transform Four Key Markets into Modern Trading Hubs
The funding will also support feasibility studies and full designs for the redevelopment of four modern markets located at Agbogbloshie, Techiman, Sekondi, and Mankessim.
These projects are expected to boost commerce, improve sanitation, and enhance safety for traders and consumers alike.
3. Prepare the Ground for Agro-Industrial Growth Across Regions
Comprehensive feasibility studies will be conducted for Special Agro-Industrial Processing Zones in the Afram Plains, Nsawam, and Builsa.
These zones are intended to add value to agricultural production, create jobs, and drive rural industrialisation.
4. Strengthen Ghana–AfDB Partnership for Long-Term Impact
Dr. Forson expressed deep appreciation to the AfDB “on behalf of President John Dramani Mahama and the people of Ghana” for its continued support, describing the partnership as critical to Ghana’s development goals.
He also praised Ms. Eyerusalem Fasika for her results-driven leadership, noting that Ghana has secured significant financial resources and technical support from the AfDB under her stewardship.
The agreement marks another key milestone in the government’s Big Push agenda, signaling a strong commitment to evidence-based planning, infrastructure expansion, and inclusive economic growth.
