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500 mln USD of Chinese loan used on roads in Ghana (2)

(Xinhua)

10:39, December 05, 2012

Gidisu said the government hoped to stop this by introducing an automated system of road tolling.

Transportation remains one of the strategic sectors of Ghana's economy, forming a substantial part of the social safety nets, facilitating the distribution of wealth through trade and employment opportunities in both urban and rural communities.

Many economists support the government in its belief that the country's ability to achieve national targets for growth and poverty reduction depends to a large extent on an efficient, reliable and safe road infrastructure system which is adequate and affordable, complementing other modes.

Over the years, agencies such as the African Development Bank, The World Bank, Agence Francaise de Developpement, Japan International Cooperation Agency, Saudi Fund, among many others, have been funding road projects in Ghana.

Recently, the Chinese government and companies have been playing a significant part in Ghana's road infrastructural development.

Apart from direct government funding for road projects in Ghana, Chinese construction firms have been working on numerous road projects not necessarily funded by their government.


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